đLONG: $LTC (1H)
Current Price $78.89
Market Cap $5.89B
Change 1h -0.17% | 24h +2.48%
Hourly Indicators:
⢠RSI: 57 - Neutral đ
⢠MACD: 0.19 - Bullish đ˘
⢠EMA: 78 - Above đ˘
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.