LTCUSDT buy opportunity

16 lut

LTC/USDT has been forming a macro reversal structure, completing a well-defined W-pattern, signaling a shift in momentum. Price successfully broke through the long-standing trendline resistance, followed by a strong retest and a bullish continuation, confirming market strength.

The immediate buy-back zone serves as a key accumulation area, aligning with structural confluence and previous demand zones, ensuring a solid base for continuation with secondary buy back been provided if the earlier zone fail to hold.

The breakout from the corrective structure wave abc reinforces the bullish outlook, with price exhibiting impulsive characteristics that align with an Wave structure, suggesting a sustained move toward higher levels.

Liquidity absorption within key supply zones has fueled a breakout, targeting the $652.08 level. The mid-term supply area remains a key reaction point, where temporary pullbacks may occur.

However, sustained momentum above this zone supports further price discovery. The combination of liquidity flow, structural confirmation, and the overall bullish trend increases the likelihood of an extended rally following the projected path.

17 lut

Zlecenie aktywne

We should patiently wait for the re-accumulation zone provided on the chart, this zone should be a good demand area for price stabilization.