#Litecoin at Key Support Level: Is a Breakout Imminent? $LTC is currently trading at $129.69, showing a slight dip of -1.09% over the past 24 hours. After touching a high of $135.32, it has pulled back, consolidating around a critical support zone.
EIGEN
127.05
+2.52%
Key Levels to Watch:
Resistance: $132.50 – A breakout above this level could pave the way for a move toward $135.00.
Support: $128.50 – Holding above this is crucial for preventing further downside.
Indicators:
RSI: At 38.49, signaling mild bearish momentum but nearing oversold territory.
MACD: Bearish crossover, indicating limited upside unless volume increases.
Trade Setup:
Long Entry: Above $132.50, targeting $134.00 and $135.50.
Short Entry: Below $128.50, aiming for $126.00 and $124.50.
💡 Pro Tip: Monitor trading volume and RSI for confirmation of a trend reversal or continuation. Litecoin could be gearing up for its next significant move stay prepared...
