$LTC Technical Analysis –
The $LTC pair is displaying solid bullish momentum, currently trading at $124.02, marking a +3.47% gain over the last 24 hours. With increasing trading volume and a price recovery near resistance levels, Litecoin is showing strong potential for further upside.
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Key Trading Data:
Current Price: $124.02
24h High: $131.48
24h Low: $114.37
24h Volume (LTC): 1.71M
24h Volume (USDT): 210.12M
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Technical Indicators:
MA(7): $125.58 (immediate short-term resistance)
MA(25): $119.99 (key support level)
MA(99): $119.78 (long-term support, confirming uptrend)
The price is holding above the 25-day MA and nearing the 7-day MA, signaling strong buyer interest and upward momentum.
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Key Levels to Watch:
Immediate Resistance: $125.58 (MA(7)), $131.48 (24h High)
Breakout Target: $132.50 - $135.00 (psychological resistance)
Support Levels: $119.99 (MA(25)) and $114.37 (24h Low)
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Outlook and Target:
Litecoin is showing a clear bullish setup as it pushes toward its 24h High of $131.48. If the price successfully breaks above this resistance, the next target lies in the range of $132.50 - $135.00. Maintaining support above $119.99 (25-day MA) will be crucial for sustaining the bullish momentum.
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Conclusion:
$LTC is poised for a breakout, with a target price of $132.50 - $135.00 in the short term. Traders should monitor the $125.58 resistance and $119.99 support closely for confirmation of continued upward movement.
