Price action analysis for LTC weekly in Feb 2025
1. Current Consolidation Zone The price is consolidating near the major resistance level (~137.22), indicating hesitation from both buyers and sellers. This consolidation forms a rectangle pattern, a typical signal of indecision in the market. Key levels to watch: Resistance at ~137.22. Support around ~110-115 (lower bound of the consolidation range). 2. Historical Resistance at 137.22 This level has been tested multiple times over the past years and continues to act as a psychological barrier....