technical analysis and trade signal for $LTC /USDT:

Technical Analysis:

Current Price: $105.00

Trend: The price has experienced a positive movement of +6.74% in the last 24 hours, suggesting bullish momentum.

Resistance:

First Resistance: $106.04 (recent high)

Second Resistance: $108.50 (previous significant resistance)

Third Resistance: $110.00 (psychological level)

Support:

First Support: $98.14 (recent low)

Second Support: $95.00 (strong psychological level)

Third Support: $92.00 (previous major support level)

Moving Averages:

50-period MA: Suggesting a bullish trend as the price is above the moving average.

200-period MA: Upward trend, confirming a long-term bullish bias.

Relative Strength Index (RSI): RSI at around 65-70, which suggests the asset is nearing an overbought zone. A potential pullback could occur, but the momentum remains bullish.

MACD: MACD line crossing above the signal line, showing bullish momentum.

Trade Signal:

Long Entry:

Enter the trade at or above $105.00 (current price).

Stop Loss: Set stop loss around $98.00 to protect against significant downside movement.

Target Levels:

First Target: $106.04 (recent high, taking partial profits or adjusting stop loss).

Second Target: $108.50 (key resistance level).

Third Target: $110.00 (psychological level, a significant take-profit point).

Momentum:

The bullish trend remains intact, as indicated by the upward-sloping moving averages and MACD. RSI is approaching overbought territory, so some short-term pullbacks may be possible.

Given the current market conditions, it's important to monitor price action around the resistance levels. A breakout above $106.04 could lead to further upside momentum.

Recommendation: Given the current bullish trend, it’s a good setup for a long position, but use a trailing stop loss to lock in profits and adjust if the market shows signs of reversal.

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