🔭 LTC/USDT SIGNAL 🎯
📈 Technical Analysis
📉 First Image:
◻️ Key Price Zones:
▫️Buy Zones:
• First Buy Zone: $71.54 to $57.82
• Second Buy Zone: $57.82 to $53.00
• Third Buy Zone: $53.00 to $41.81
• Sell Zone: Around $115.13
• Price Trend: Likely to see an upward trend with ascending support lines (indicated by yellow arrows) supporting the rise.
▫️ Momentum Indicators:
• Stoch RSI: Showing low levels, suggesting the price may be oversold and poised for an upward movement.
• CM_RSI_2_Strategy_Lower: Indicates the market is oversold, potentially signaling a buying opportunity.
📊 Second Image:
▫️ Settlement Map:
• Shows high settlement clusters in the $80-$90 range, indicating strong resistance at these levels.
• Low settlement areas below $70, suggesting potential support.
📈 Forecast and Strategy
🔮 Forecast:
• Potential upward trend in the short term based on momentum indicators and strong support.
• Resistance around $80-$90 based on the settlement map, which could slow down the upward trend.
📋 Trading Strategy:
• Entry Points (in three phases):
• First Entry: $71.54 to $57.82
• Second Entry: $57.82 to $53.00
• Third Entry: $53.00 to $41.81
• Exit Points:
• Sell at resistance levels ($80-$90) or at the sell zone ($115.13).
• Stop Loss:
• Place stop loss below major support at $37.70.
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Coin selected by @Parallel-Universe
