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Technical analysis by VIPROSE about Symbol LTC on 5/24/2025

https://sahmeto.com/message/3544382
VIPROSE
VIPROSE
Rank: 5753
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،Technical،VIPROSE

🔍 Technical Analysis Summary:Pattern: Falling Wedge (bullish reversal pattern)Breakout Direction: Upward breakout from the wedge appears to be projected.Current Price: ~$96.72Target Price: $120.95 (projected post-breakout target)🟢 Bullish Signs:The falling wedge typically signals a potential trend reversal to the upside.The breakout projection suggests a strong upward movement is expected after accumulation.📈 Price Targets:Short-Term Resistance: $100.00 psychological level.Main Target: $120.95 as shown on the chart.🔻 Risk Management:Key support lies within the wedge’s lower boundary around ~$90–92.Break back below the wedge could invalidate the bullish outlook.Summary:Litecoin has formed a bullish falling wedge pattern. A breakout above the wedge could push the price toward the $120.95 target. Confirmation is needed with strong volume. Maintain stop-losses below the wedge support to manage risk.

Translated from: English
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Signal Type: Neutral
Time Frame:
1 day
Price at Publish Time:
$96.73
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