a technical analysis and trade signal for $LTC

/USDT:💯🔥

Technical Analysis:

Trend: Bearish (price has fallen 9.07% in the last 24 hours).

Support Level: $102.07 (recent 24h low, could hold).

Resistance Level: $113.98 (recent 24h high).

Momentum Indicators:

RSI: Shows possible oversold conditions (below 30).

MACD: Potential bearish crossover; price momentum down.

Trade Signal:

Trade Type: Short (Bearish trend)

Entry Point: $102.50 (close to the recent low, with confirmation of a bearish move)

Stop Loss: $106.00 (just above the recent resistance area)

Targets:

Target 1: $98.00 (next key support level).

Target 2: $93.00 (extended support from historical levels).

Target 3: $90.00 (psychological level and further support).

Trade Momentum: Currently in a bearish trend with more downside potential. Caution: If price breaks above $106.50, the trend may shift bullish, and short positions may need to be closed.

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