📈LONG: $LTC (1H)

#LTC USDT | #LTC | #Litecoin

Current Price $78.89

Market Cap $5.89B

Change 1h -0.17% | 24h +2.48%

Hourly Indicators:

• RSI: 57 - Neutral 🟠

• MACD: 0.19 - Bullish 🟢

• EMA: 78 - Above 🟢

Analysis:

LTC has formed a bullish dragonfly doji on 50MA support, which indicates a potential upward move. This occurs alongside a descending trendline breakout, strengthening the bullish sentiment. The market is showing positive signs on OKX Futures, making this a noteworthy setup.

Price Targets:

For this trade, consider an entry at 78.32. The take-profit target is set at 81.98, allowing for a solid upside. However, protect your capital with a stop target at 76.49. With 9.0X leverage, this setup could yield solid returns.

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