Litecoin update and Best buy entry if more war news release

Litecoin (LTC) is currently approaching a key technical confluence, where channel support aligns with the major historical support zone of $40–$50. This area represents a critical level for the asset's near-term direction.

Current Structure:
Support Zone: $40–$50 (multi-year historical support)
Pattern: Descending channel support
Market Phase: Potential accumulation near long-term support

Near-Term Outlook:
A bounce from this support zone could lead to a move toward the channel resistance. This would represent a typical range-bound reaction within the existing structure.

Extended Bullish Scenario:
If price successfully breaks above the channel resistance following a bounce from support, it would signal a potential trend reversal. A confirmed breakout could initiate a more sustained bullish phase, targeting higher resistance levels beyond the channel.

Key Levels:
Critical Support: $40–$50 zone (must hold for bullish scenario)
Channel Resistance: To be defined by current structure (first upside target)
Extended Targets: Upon breakout confirmation, measured move projections apply

Trade Consideration:
Patient traders may wait for a confirmed bounce at support before entering long positions
Breakout traders should wait for a decisive close above channel resistance with volume
A breakdown below $40 would invalidate the bullish outlook and signal further downside.


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