$LTC Weekly review!
The RSI is at 57.53 and is in the neutral-bullish zone.
There is room for upside as the RSI has not yet reached the overbought (70) level. However, caution should be exercised, values above 60 may bring gradual profit taking.
The MACD line (4.08) is above the signal line (6.20). The bullish signal is still active, but there is a slowdown in momentum. The fact that it is in the positive zone shows that buyers are generally dominant in the market.
There is a slight increase in volume but it is low compared to previous peaks. If volume increases, a clearer uptick in price movements can be expected.
The Stochastic RSI is at 48.62 and has moved out of the oversold zone. There are signs of a potential recovery that could point to an uptrend.
The price continues its upward trend in the medium and long term. However, a consolidation can be seen in the 100-110 range.
For upside targets, the 126.10 resistance should be followed carefully. In a downward correction, the 81.98 level may constitute an important support.
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