Trading signal Alert $LTC /USDT has shown a strong upward momentum,

Current Price: $104.36 (+15.56%)

Recent Momentum: The coin has shown a strong upward momentum, breaking out from its consolidation zone near $90 and achieving a high of $104.99 in the last 24 hours.

Volume Insight: Significant trading volume, indicating strong market interest.

Key Levels:

Resistance:

$105.77 (Red - Strong resistance, recent peak)

$107.00 (Potential breakout zone)

Support:

$100.01 (Green - Key psychological support)

$94.27 (Previous consolidation area)

Indicators Analysis:

RSI(6): 59.94, showing the market is approaching overbought territory but has room for further bullish movement.

Moving Average: Price is trading above the average level (AVL: $90.36), indicating a bullish trend.

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Trade Signals:

Long Trade Setup:

Entry Price: $104.00 - $104.50 (upon confirmation of breakout above $104.99)

Take-Profit Targets:

TP1: $106.00

TP2: $108.50

TP3: $110.00

Stop Loss: $100.00

Caution: Watch for stability above $104.99 to confirm breakout.

Short Trade Setup:

Entry Price: $104.00 - $103.50 (if the price rejects resistance at $105.00)

Take-Profit Targets:

TP1: $100.00

TP2: $97.50

TP3: $95.00

Stop Loss: $106.00

Caution: Observe price action near $100.00 for signs of consolidation.

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Recommendations:

Traders should wait for a clear breakout above $105.00 for long positions.

For shorts, monitor the price’s reaction near $105.00 or signs of weakening momentum.

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