$LTC



Technical Indicators

  1. Moving Average (MA 200, SMA, 9):

    • The price is trading well above the 200 MA line at 77.00, indicating a strong bullish trend in the mid-term.

    • The 200 MA serves as a significant dynamic support, which has not been tested recently due to the sustained upward momentum.

  2. RSI (14, SMA):

    • The RSI value is at 52.23, indicating neutral momentum. The price has exited overbought conditions, suggesting a potential cooldown or consolidation in the near term.

  3. MACD (12, 26, close, 9):

    • The MACD histogram is slightly bearish with the MACD line (2.85) crossing below the signal line (3.04), hinting at decreasing bullish momentum.

    • This bearish crossover aligns with the recent consolidation near resistance.

  4. Volume (SMA, 9):

    • The volume shows steady activity, supporting the recent upward trend. A breakout or rejection at the resistance will need to be confirmed by volume changes.

Chart Observations

  1. Support Zone:

    • The breakout level near 85.00 is acting as a new support zone. A pullback to this area may attract buyers, considering its historical significance.

    • Below that, the 200 MA at 77.00 provides a critical support level for mid-term corrections.

  2. Resistance Zone:

    • The price is testing a key resistance level at 106.97, which aligns with the previous peak in April 2024.

    • A clear breakout above this resistance may open the path to 120.00, the next psychological level.

  3. Price Pattern:

    • The price has broken out of a long-term consolidation range (highlighted in the second chart) and is currently retesting the upper boundary of this range.

    • A failure to maintain momentum above 95.00 may signal a short-term retracement.



LTC/USDT is currently in a strong uptrend but facing critical resistance at 106.97. The breakout or rejection at this level will determine the next major move. Traders should monitor volume and MACD signals closely to gauge the strength of the current momentum.