$LTC Will hitt 100$ tonight:
Predicting short-term price movements, especially within a specific timeframe like "tonight," is highly certain due to the volatile nature of cryptocurrencies. However, based on the current technical indicators from the chart you provided, here are some factors to consider for LTC/USDT potentially hitting $100:
Factors Supporting a Move to $100:
1. Strong Uptrend:
The price has been in a strong uptrend, as evidenced by the bullish crossover of the shorter-term EMAs (EMA 7 and EMA 25) over the longer-term EMA (EMA 99).
If the momentum continues, especially with the recent rally pushing towards the $98 region, it might make another attempt to reach $100.
2. Volume:
The chart shows a recent spike in trading volume, which could indicate increased buying interest.
If this volume continues to stay high, it can support a further upward push, potentially breaking the $98.49 high towards the $100 psychological barrier.
3. Stochastic RSI:
The Stoch RSI is around the 39.09 level, which suggests there might be room for further upward movement if it starts turning up from these levels.
Factors Against a Move to $100:
1. Resistance Levels:
There is strong resistance near the recent high of $98.49. If LTC fails to break above this level convincingly, it might face selling pressure before reaching $100.
The psychological resistance at $100 can also attract profit-taking from traders.
2. RSI Neutral Zone:
The RSI(6) at 54.86 is in a neutral position, meaning the coin isn't currently overbought or oversold. This suggests that there isn't strong momentum in either direction, which may limit a quick push to $100.
Key Levels to Watch:
Support: $87.71 (previous consolidation zone), $84.86 (EMA 25)
Resistance: $98.49 (recent high), $100 (psychological level)
