LTC 8H Ascending Channel CompressionLitecoin / TetherUSBINANCE:LTCUSDTBKVIPLTC is trading within a broad ascending channel on the 8H timeframe, respecting both rising support near 50–51 and upper channel resistance around 59–60. Price recently rejected from the upper boundary and rotated lower, finding support again near the 53–54 region, which aligns closely with the rising trendline. As long as LTC holds above 53, the ascending structure remains intact and a rotation back toward 57–59 remains possible. A reclaim of 57 would increase the probability of another test of channel highs near 59–60. However, a breakdown below 52 would invalidate the current support structure and expose the 50–51 region again. For now, LTC remains compressed between ascending support and upper channel resistance. The next breakout from this structure will likely define the next directional move.