#Litecoin / Litecoin / LTCUSD 
Greetings! Here’s the current Litecoin (#Litecoin, D1 and H1) chart breakdown (price 47.37). After the powerful May dump, when the price was loudly driven down from the 59.00-60.00 area below 40.00, the daily (D1) chart finally found a bottom and started slowly crawling out of the hole. Now we see a stubborn local uptrend: the price has broken through the middle Bollinger Bands and consolidated around 47.37. The RSI and MACD indicators on D1 are pointing up (RSI around 60), buyers have clearly woken up, but an important point – we are approaching a local “wall” (liquidity), where big players like to distribute positions.
SMART MONEY: Looking through the eyes of big capital, not the crowd: Liquidity grab (BSL): On the hourly (H1) we clearly see how the price recently broke the highs around 47.70, collecting short-sellers’ stop losses. Imbalance zone and Order Block: Below, in the 44.85 - 45.80 area, a solid local bullish order block has formed. The big player is not yet ready to let the price go lower without refueling. Logic of the big players: They need to drive the retail “hamsters” into risky longs at the very top (around 47.70-48.00), make a sharp manipulative flush down, and only then drag the chart higher.
WAVE ANALYSIS AND FIBONACCI 
Without waves and Fib in trading there’s nothing to do, so here’s the layout:
Wave scenario: The great and terrible wave (1) or (A) ended at the bottom around 39.90. Now we are finishing an impulsive 5-wave structure inside the local pattern, or developing a corrective wave (B) on the daily. On the hourly (H1) the 5th microwave is being drawn right now. A local pullback (wave 2 or C) will be due soon.
Fibonacci levels: If you stretch Fib over the entire May–June drop (from 59.40 to 39.90), then the current 47.30-48.00 zone is exactly the golden section 0.382-0.5 by Fib. This is a strong resistance area where sellers will defend their positions. The nearest support zone by Fib (from the last impulse from 43.80 to 47.70) lies at the 0.618 level – that’s exactly 45.20-45.50.
ACTION PLAN 1. For tomorrow (Local scenario / H1) Tomorrow I expect a small manipulation and pullback. Buying “at market” right now at 47.37 is a so-so idea; you risk catching a falling knife. Main scenario: A move to a false breakout to 47.70-47.90, followed by a pullback down into the order-block zone at 45.50 - 46.00. Entry point: Look for a long only after a correction to 45.80-45.20, when RSI on H1 cools off from the overbought zone.
2. For the week: If we hold the 44.80-45.20 range on the pullback, the weekly trend remains strictly bullish. Target 1: Take out the 48.65 high. Target 2: Move to the psychological level 51.60 - 52.00. Bullish scenario invalidation: A daily close below 43.80. If we go there – we’re flying back to retest the bottom at 39.90.
RESULT (Conclusion) The trend is locally bullish but the market is overheated on the hourly. Don’t rush and don’t give in to FOMO. The smartest move is to wait until the big players shake off the extra passengers with a deep pullback to 45.50, get confirmation from Smart Money (structure break), and then enter a long with a clear stop and a target around 51.00.
