LTC is currently undergoing a healthy retracement, pulling back from recent highs. Price is approaching a confluence zone of technical support, making this a high-quality setup for a spot long position.
🔹 Entry Zone:
Around $90.00
📉 50-day Moving Average
📏 38.20% Fibonacci retracement
🧱 Base of key support range
🎯 Take Profit Targets:
🥇 $105 – $115 (initial resistance / previous consolidation)
🥈 $133 – $146 (major structural resistance)
🛑 Stop Loss:
Just below $80.00 (clearly below invalidation / structure breakdown)
📌 Trade Notes:
Wait for signs of reversal confirmation near the $90 zone (e.g., bullish candlestick or RSI divergence).
Volume confirmation on the bounce will increase confidence in the setup.
Position sizing should reflect wider stop due to swing trade nature.
🔹 Entry Zone:
Around $90.00
📉 50-day Moving Average
📏 38.20% Fibonacci retracement
🧱 Base of key support range
🎯 Take Profit Targets:
🥇 $105 – $115 (initial resistance / previous consolidation)
🥈 $133 – $146 (major structural resistance)
🛑 Stop Loss:
Just below $80.00 (clearly below invalidation / structure breakdown)
📌 Trade Notes:
Wait for signs of reversal confirmation near the $90 zone (e.g., bullish candlestick or RSI divergence).
Volume confirmation on the bounce will increase confidence in the setup.
Position sizing should reflect wider stop due to swing trade nature.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.