#LTC is currently moving within a descending channel that has been forming since the high around $165. This structure is characterized by lower highs and lower lows, with the descending trendline acting as dynamic resistance and the lower trendline acting as dynamic support.
What makes the current setup interesting is that price is now trading just below the major descending trendline. This is a critical area because a breakout above this trendline could signal a potential shift in market structure from bearish to bullish.
It is best to wait until the price successfully breaks through the resistance line of this pattern, then Buy/Long after that.
Short term target is at least 15%+ after successful Breakout from here.
Which coin should we analyze next? Let us know!
