LTC Price Set for Potential Decline Amid Harmonic Patterns and Resistance

The LTC price has reached resistance on the 1-hour timeframe, and buyers lack the strength to push through this level. On the hourly chart, the Fair Value Gap (FVG) sits near the 81 level. A correction back to at least 80.7 is expected, with a recommendation to lock in 50% of the position at this point. A double harmonic pattern, consisting of Gartley and Bat formations, has formed, which increases the likelihood of a downward move. White lines on the chart indicate target levels. After reaching the first target, it is advised to move the stop loss to break-even. If the 83.9 level is broken, this will enhance the probability of a decline. Adhere to risk management rules and proceed with caution. Consider engaging in trading education here. View chart | Trade | #BounceFromLevel