LTC is shaping a global bullish flagLitecoin / TetherUSBINANCE:LTCUSDTc_viewsLTC is forming a global bull flag pattern, and the asset has remained in the accumulation phase since 2022. At a more local level, a butterfly pattern formed but did not complete its move to point D. Afterward, the price entered a local descending channel, which often forms part of a bull flag formation. It's highly likely that after breaking out of the local pattern, the movement will continue as a local ascending channel within the global structure. If the global pattern's boundaries are broken, the highs formed since 2024 may be renewed. A resistance zone (purple area) is also highlighted on the chart, where increased LTC buying activity is observed. Dropping the price below 70 and holding it there doesn't make much sense, as the accumulation zone has formed above. More detailed analysis, additional charts, and key levels to watch are available on our site