#LTC# /USDT Technical Outlook



#Litecoin# is currently trading at around 115 $. Key areas highlighted on the chart:
โ€ข๐Ÿ”ด Main support level: 33 $
A critical support zone in terms of long-term trends. If this level is breached, the risk of structural deterioration increases.
โ€ข๐ŸŸข Medium-term support: 106 $
It is important for the price to stay above this level in terms of maintaining the upward momentum. This area also represents the zone where buyers have entered strongly.
โ€ข๐Ÿ”ต Main resistance: 148 $
The most critical level that needs to be broken for the rise to gain momentum. This area stands out as a zone supporting the formation of (1)-(2)-(3)-(4)-(5) in accordance with the Elliott wave structure.

๐Ÿ“ˆ If $LTC continues to hold above $106, the likelihood of gradually testing the resistance at $148 in the upcoming period is strengthening. If this level is surpassed, a new bullish trend may gain momentum in the medium term.

#Altcoin
LTC2.33%
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