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Litecoin is testing the lower boundary of its rising wedge formation again. As long as support holds along that blue trendline, the technical setup remains constructively biased for bulls.
The chart is setting up nicely for trend-following entries, with $100 acting as a natural magnet for price action. Key question right now: will buyers show up to defend this level, or do we break lower?
The wedge pattern offers a clean risk-reward setup for those looking to go long. If the support zone cracks, the bearish narrative shifts. If it holds, we could see another leg higher.