LTC/USDT: Technical Analysis
Time Frame: 4-hour
Current Price: $68.11
Trend: Bullish
**Indicators**:
1. RSI (14): 58.42 – Bullish
2. MACD (12, 26): 0.44 – Bullish
3. Moving Averages:
- 50-period MA: $64.91
- 200-period MA: $59.45
4. Bollinger Bands:
- Upper band: $70.15
- Lower band: $60.07
**Support and Resistance Levels**:
- **Support**:
- Support1: $65.49
- Support2: $63.95
- Support3: $62.41
- **Resistance**:
- Resistance1: $69.13
- Resistance2: $71.15
- Resistance3: $73.17
**Candlestick Patterns**:
1. Bullish Engulfing
2. Hammer
**Chart Patterns**:
1. Ascending Triangle – Bullish
2. Inverse Head and Shoulders – Bullish
**Analysis**:
On the 4-hour chart, LTC/USDT is showing a bullish trend, with the ascending triangle confirming this. Both the RSI and MACD support the upward momentum.
**Trading Strategy**:
- **Long**: If price moves above $69.13, aim for targets of $71.15 and $73.17.
- **Short**: If price falls below $65.49, aim for $63.95 and $62.41.
**Risk Management**:
- Stop-loss: 5-10% below your entry price.
- Position size: 2-5% of your total portfolio.
**Market Sentiment**:
- Fear & Greed Index: 63 (Greed)
- Sentiment: 70% Bullish, 30% Bearish
*Note: This is not financial advice.*#Write2Earn! #Ltc🔥🔥 #Write2Earn! #Ltc🔥🔥 #Write2Earn!
