đ Litecoin (LTC) Trading & Investment Update đ
LTC is currently riding a bullish wave, showing strength across multiple timeframes. On the 30m, 1h, and 4h charts, LTC is comfortably above key EMAs with strong buying interest around $66, providing a solid support base. The VPVR indicator reinforces this, suggesting that bulls are in control for now. However, keep an eye on the MACD, which shows a slight weakening of momentumâa potential sign of short-term consolidation.
The RSI is approaching overbought territory (60-76), signaling that while the trend is bullish, a pullback might be on the horizon. The CRSI and Ultimate Oscillator are also supporting this view, indicating that the momentum is strong but may need to cool off before the next leg up.
From a fundamental perspective, Litecoinâs recent interaction with the daily Ichimoku Cloud adds to the bullish narrative. If LTC can break and sustain above the $66.50-$67.00 range, a rally towards $93 is likely. However, a failure to maintain this level could see a retracement to $63 or even lower, making $82.40 a critical support level to watch.
Remember, Litecoinâs MimbleWimble upgrade has improved privacy but led to delisting on some exchanges, potentially affecting liquidity. Stay updated on Bitcoinâs movement, as LTC often mirrors BTCâs direction.
Strategy: Hold if LTC remains above $66 with strong volume, but be cautious of overbought conditions. Consider taking profit near $93 and re-entering on a dip.
Trade Safe!
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