technical analysis and trade signal for $LTC /USDT based on the current data:
Current Price: $104.18 (+3.37%)
24h High: $105.85
24h Low: $99.48
Trend Analysis:
The price of LTC/USDT has shown an overall positive momentum (+3.37%) in the last 24 hours but is currently experiencing some fluctuations. The price has recently pulled back from the high of $105.85 and is testing support around $104. The 24-hour low of $99.48 indicates that there is strong support in this range.
Key Support and Resistance Levels:
Support: $99.48 (24h Low)
Resistance: $105.85 (24h High)
Momentum:
The positive momentum in the short term (15m, 1h) indicates a potential upward trend. However, the negative momentum over 4h and 1D suggests some pullback risk. A break above $105.85 could lead to a new bullish phase.
Trade Signal 🚀
Entry Point: Enter long near $104.00–$104.50 (support zone)
Target Levels:
1. Target 1: $107.50 — First resistance level. Price may test this zone if momentum continues.
2. Target 2: $110.00 — Higher resistance if bullish momentum holds.
3. Target 3: $113.00 — Potential breakout level for a more extended upward movement.
Stop Loss:
Place a stop loss near $99.00 (below the support zone), to minimize risk in case of a reversal.
Trade Momentum:
Short-Term: Bullish, with a slight consolidation around $104–$105.
Medium-Term: Neutral, as price is testing key resistance.
Long-Term: Bearish to neutral, depending on price action and volume.
Important Note: Always monitor volume and price action closely, as any major fluctuation or news can affect market direction.
Let me know if you'd like to add any additional analysis!
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