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Ltcusdtanalysis

LTCUSDT - BULL TRAP IN MAKING?Symbol - LTCUSDT CMP - 130.00 LTCUSDT is currently forming a distribution pattern following a period of local consolidation. The price is testing the resistance zone and exhibiting signs of a false breakout. However, it is important to note that the broader cryptocurrency market remains in a corrective phase. At present, Bitcoin appears relatively weak, undergoing both a correction and short-term consolidation ahead of a potential continuation of the decline toward the 117K-116K range. Within this environment, the recent upward move in LTCUDST may be short lived and could transition into an aggressive decline if the price closes below the key resistance level. This false breakout, or market manipulation relative to resistance, suggests that LTC’s current rally may represent a local bull trap, particularly amid broader market weakness. A breakdown could lead the pair toward the breakeven or liquidity zone between 124.10 & 115.30 Resistance levels: 132.00, 134.20 Support levels: 124.14, 115.36 A confirmed false breakout of the resistance zone, especially while the altcoin market continues to weaken, could indicate a liquidity grab prior to a deeper market alignment with Bitcoin’s broader correction. Consequently, confirmation of this pattern may serve as a signal for a potential downside move in LTCUSDT.
Short
by akshit_official
2
LTCUSDT: Will This Bullish Setup Ignite a Rally or Fade Away?Yello, Paradisers! Are you ready for what’s brewing in LTCUSDT? 👀 💎LTCUSDT is signaling potential bullish momentum, displaying a bullish Change of Character (CHoCH), a Break of Structure (BOS), breakout of resistance trendline, and the formation of an inverse head and shoulders pattern. These are key indicators suggesting a potential upward move that can't be ignored. 💎If LTCUSDT manages to break out of the current resistance zone, it would enhance the likelihood of a continued bullish push, effectively validating the current pattern. 💎However, should we see a retracement, we could anticipate a bounce from the support zone. To improve the probability on our side, looking for a bullish internal CHoCH on lower timeframes will be critical. Additionally, monitoring BTC’s price action will provide added confirmation and insights. 💎If the price breaks down and closes a candle below the support zone, it will invalidate this bullish scenario. In that case, the best course of action is to remain patient and wait for more compelling price action to form. Trade smart and stay disciplined, Paradisers. Remember, solid analysis and strategy always outshine impulsive decisions. This is how you win in the long game. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan