Litecoin Analysis, June 15, 2025
Litecoin on the M15 time frame If you look closely at the current price area, there are several significant candlestick patterns. One of them is the bullish rejection candle pattern that appears right above the green area (support zone). The candle has a long lower tail, indicating that there is selling pressure that has been successfully rejected by buyers, and this is often a sign of a short-term reversal. After that, a more solid bullish candle appears, indicating the success of buyers in maintaining buying pressure. This formation can be categorized as a bullish continuation pattern, with validation that the price is able to stay above the support zone after being rejected by selling pressure. We can try to buy directly now with our stop loss placed at a price of 83.84 and take profit at a price of 87.07