$LTC

/USDT Technical Analysis & Trade Signals (as of Dec 31, 2024)

Current Price: $104.11

24h Price Change: +6.05%

Technical Indicators:

Support: $97.75 (recent low)

Resistance: $104.79 (recent high)

Moving Average: Bullish trend, price above 50 and 200 MA, indicating upward momentum.

RSI: 65 (approaching overbought, potential for minor pullback)

MACD: Positive crossover, supporting bullish momentum.

Trade Signals:

Bullish Entry: Buy near $104.00 if momentum holds, targeting $105.50 (next resistance).

Moderate Trade: If price retraces to $102.00 (near support), consider buying with a target of $105.00.

Bearish Retracement: If price drops below $102.00, consider shorting with a target of $98.50 (support).

Target 🎯 Levels:

1. Target 1: $105.50 (break above resistance)

2. Target 2: $107.00 (next major resistance)

3. Target 3: $110.00 (extended upside potential)

Trade Momentum:

Strong Bullish Momentum: If price stays above $104, expect continuation toward higher targets.

Caution on Pullback: Watch for a possible pullback to $102 or $98.50 before further upward movement.

This technical analysis indicates bullish momentum, with a few retracement opportunities for entries at lower levels. Always ensure to use stop-losses and proper risk management when trading.

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