LTC/USDT — Accumulation Before Breakout?

Jun 28

📊 Technical Overview:
Litecoin is forming a potential reversal structure near a key long-term support zone. Historically, this area acted as an accumulation range before significant upward moves.
The price is still holding within a broad ascending channel, and current consolidation may represent the final stage before a breakout.
🔻 Below lies a potential liquidity trap zone — a fakeout could occur, triggering weak hands before continuation. For us, that’s a spot to add, not to exit.

📈 Trade Plan:

-Partial entry is already possible at the current zone
-Additional entries planned if price drops lower
-No stop-loss — risk is managed strictly via position sizing
-Take-profits aligned with major resistance zones where selling pressure occurred in the past

2 days ago

Trade active

After the idea was published, the asset reached the upper boundary of the channel.
Subsequently, a market-driven manipulation occurred, pushing it into the $55–65 zone.

Litecoin remains one of the most active assets in terms of network activity.
It may soon enter the ETF creation phase, as all the necessary amendments have already been submitted.

The decision to launch a Litecoin ETF — similar to previous launches for Bitcoin and Ethereum — will be made over time.
However, local stages may see speculative movements that influence the price.