$LTC Analysis

$LTC is currently in a bullish phase, with strong support around $114.37 and resistance at $131.48. Traders should monitor for a break above $131.48 to confirm continuation towards higher targets. Keep an eye on volume trends and MA indicators for potential trend reversals or confirmation.

Current Price: $128.63 (+7.13%)

24-Hour Trading Data:

High: $131.48

Low: $114.37

Volume (LTC): 1.52M LTC

Volume (USDT): 185.40M USDT

Market Overview: $LTC has shown notable bullish momentum, currently sitting at $128.63, reflecting a 7.13% increase over the last 24 hours. After hitting a low of $114.37 and testing the resistance around $131.48, the market remains in a positive trend.

Technical Indicators:

Moving Averages (MA):

MA(7): $128.42

MA(25): $121.19

MA(99): $118.97

The short-term MA (7) is slightly above the current price, signaling mild bullish strength. Longer-term MAs suggest a steady recovery from lower levels, reinforcing potential for sustained upward movement.

Support & Resistance:

Support: Around $114.37 (previous low)

Resistance: $131.48 (24h high)

Trading Volume:

The recent volume indicates steady buying interest, with 37,742.61 LTC traded recently, showing solid market participation. MA(5) and MA(10) for volume are at 44,019.163 LTC and 75,566.190 LTC, respectively, indicating increasing trading activity and potential for more upward movement.

Target & Outlook:

Given the current bullish trend and increasing volume, Litecoin is likely to target the resistance at $131.48. If this level is broken, the next target could be $132.34. A sustained rally could push LTC towards $135 or higher. However, if the price revisits the support zone at $114.37, a more cautious approach would be required to watch for further price action.

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