Technical analysis by clasaicrypto about Symbol LTC: Buy recommendation (8/2/2024)

📩 Pair: LTCUSDT 📈 Direction: Long 💯 Leverage: Cross 5X - 10X - 20X📊 Entry 1: 65.00✅ 📊 Entry 2 (DCA): 60.00✅ Target 1: 68.00 ✅ Target 2: 75.00 ✅ Target 3: 88.00⛔️ Stop Loss: 56.00LTC is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon. If #LTCUSDT faces resistance at the upper trend line of the wedge, we could see a retest of the bullish zone around $60.00, which has been a stronghold of support, rich with liquidity, and a key area for potential buy orders.Entry Strategy:- First entry at $65.00- If the price drops, make an additional entry (DCA) at $60.00 to lower the average cost of the investment.However, if Litecoin doesn't bounce back from $60.00, the focus shifts to the next crucial support at the lower demand zone of $56.00. The likelihood of a strong rebound here is quite high, making this a critical level to watch. On the flip side, if LTC continues to slide, the bears might gain control, leading to a bearish continuation, marking a significant shift in market sentiment."Manage your risk – never trade with more than 1% of your capital on a single transaction."📊 Entry 1: 65.00✅