$LTC
/USDT Technical Analysis and Trade Signal
Current Price: $104.87 (+1.36%)
24h High/Low: $106.04 / $101.51
Volume: 505,017.41 LTC, $52.48M USDT
Key Technical Indicators
Support: $101.51 (recent 24h low)
Resistance: $106.04 (24h high), $106.48 (potential breakout level)
Moving Averages: The 50-period moving average is currently above the 200-period moving average, indicating a bullish trend.
RSI (14): Approaching 60, suggesting moderate bullish momentum but not yet overbought.
Trade Signal
Long Trade: Enter above $104.87, targeting $106.48, then $107.50.
Stop-loss: Below $101.50 for risk management.
Target Levels (🎯)
1. Target 1: $106.48 – Breakout potential, strong resistance.
2. Target 2: $107.50 – Psychological resistance point.
3. Target 3: $110.00 – Extended upside if momentum holds.
Momentum: Moderate bullish momentum confirmed with potential for continuation if prices sustain above $104.87. Watch for a strong volume push to break above $106.04.
This analysis suggests a bullish short-term outlook for LTC/USDT with careful management around support and resistance zones.