⚠️Technical Analysis

⚠️Forecast

⚠️Observations

⚠️Trading signal

$LTC /USDT 🚨🚨🚨

🔍 Current Price: $52.37 (-19.41% in 24h)

📊 24h Trading Range:

High: $65.23

Low: $49.80

Volume (LTC): 1.28M LTC

Volume (USDT): 73.17M USDT

📈 Bollinger Bands (20, 2):

Upper Band: $79.48

Middle Band: $69.55

Lower Band: $59.62

📉 Depth Analysis:

15m: $82.33

1h: $76.90

4h: $71.03

1D: $59.74

🔹 Technical Observations:

The current price is below the lower Bollinger Band ($59.62), indicating potential oversold conditions.

Key support is at $49.80, the 24h low.

Resistance levels to watch are at $59.62 (lower Bollinger Band) and $69.55 (middle Bollinger Band).

🔮 Forecast and Observations:

Potential Rebound: Given the current oversold conditions, LTC might experience a rebound towards the lower Bollinger Band ($59.62).

Caution: If LTC fails to hold above $49.80, further downside is possible.

📢 Trading Signal:

Potential Buy: If LTC holds above $49.80 and shows upward momentum, targeting $59.62 and potentially $69.55.

Sell Signal: A break below $49.80 may indicate further declines.

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