💎 Paradisers, the recent market movements of #LTC have certainly drawn attention. LTC finds itself at a critical juncture, teetering on crucial support.
💎 A successful bounce from this support could reignite upward momentum, potentially leading to a retest of strong resistance areas.
💎 However, should LTC fail to find support and breach both the critical support level and the support trendline, it would signal a concerning shift toward downward momentum. Such a scenario could prompt a descent towards key support areas to establish a new trajectory.
💎 Upon reaching these critical support levels, a decisive bounce is imperative for LTC to reclaim ground and reignite upward momentum. Reclaiming the price above the $80 support area would be pivotal for LTC to resume its upward trajectory toward our target.
💎 Should this scenario falter and LTC breach the key support level, it would likely prolong downward momentum, leading to further declines.