Technical CRYPTO Analyst

#Litecoin is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $60.00, which could lead to a significant bullish breakout if sustained momentum is achieved.

Should this occur, we could see #LTCUSDT challenging the descending resistance and aiming for the major supply area at $88.60 .

A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area.

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www.tgoop.com/TechCryptoAnalyst/11999

34.6K viewsSep 5, 2024 at 16:52

#Litecoin is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $60.00, which could lead to a significant bullish breakout if sustained momentum is achieved.

Should this occur, we could see #LTCUSDT challenging the descending resistance and aiming for the major supply area at $88.60 .

A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area.

BY Technical CRYPTO Analyst