📊$LTC
Litecoin (LTC/USDT) Technical Analysis – January 2, 2025
Current Price: 106.22 USDT
24h High: 108.75 USDT
24h Low: 104.00 USDT
24h Volume: 82.46M USDT
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🔍 Analysis Overview
Litecoin is trading within a tight consolidation range between 104.00 and 108.75 USDT, indicating reduced volatility. Traders should watch for a breakout or breakdown from this zone to determine the next price movement.
Key moving averages suggest that momentum is building:
MA (5): 106.71 USDT
MA (10): 105.99 USDT
This aligns with increasing trade volume, signaling that LTC may be preparing for a trend reversal or continuation.
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🎯 Targets
Based on technical indicators and price action:
1. Target 1: 109.50 USDT
A breakout above 108.75 USDT (24h high) could push LTC to test this level. Strong resistance expected here due to historical sell pressure.
2. Target 2: 112.00 USDT
Sustained momentum could lead LTC to this zone, aligning with the next resistance level from previous trading activity.
3. Target 3: 115.00 USDT
If bullish sentiment persists, LTC may attempt to challenge this psychological level. Keep an eye on volume to confirm strength.
Support Levels: 104.00 USDT, 102.30 USDT
Critical Stop-Loss: 101.98 USDT (below this level, bears take control).
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💡 Pro Tip: Monitor the 4-hour and daily charts for confirmation of breakouts or reversals.
Happy Trading! 🚀