Litecoin (LTCUSD) is quickly reaping its profits – Analysis – 07-11-2024 $LTC

The price of Litecoin LITECOINLTC (LTCUSD) has declined slightly during its recent trading at the moment levels, as the price is quickly reaping the profits of its previous rises, amid the dominance of the upward corrective trend in the short term and its trading along the trend line, with the beginning of positive signals from the relative strength indicators, after reaching areas of severe saturation with selling operations, and the price also benefits from its trading above its previous 50-day simple moving average.

Therefore, we expect the currency price to return to rise during its upcoming trading, as long as the support level 64.42 remains stable, targeting the important resistance level 76.76 in preparation for attacking it.

Expected trading range 64.42 (support) - 76.76 (resistance)

Trend expectations are likely to rise