MyCryptoParadise_Nathan

LTC/USDT Big Movement Incoming ?? Litecoin Today Analysis

BINANCE:LTCUSDT   Litecoin / TetherUS
💎Hello Paradisers, here's a token to keep on your radar!

💎LTC might be gearing up for a retest around the $81 mark before potentially diving further and breaking its demand zone. This area isn't just a demand spot for LTC but also a bullish channel's support.

💎However, the key is to observe the daily candle close. If LTC concludes its daily trade beneath the bullish channel's support, it might swiftly descend, shattering the demand and heading toward the Bullish OB.

💎It's essential to note Bitcoin's influence on altcoins. Currently, BTC seems poised to dip towards the 27K -$28k bracket, coupled with a rise in BTC dominance.

💎This isn't a great moment for altcoins. When BTC drops and its dominance surges, altcoins typically face a downturn.

💎My advice? Exercise patience and await clear signals. However, if LTC manages to hold its ground within the demand and bullish channel support, consider a buy-only post-LTC's breach of the Lower high at $85.5 and a subsequent close above it.

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