$LTC /USDT Daily Chart Analysis – Bullish Momentum Holding Strong 🚀📈
Current Price: $130.26 (+0.08%)
Daily Range: High $130.92 – Low $125.72
📊 Key Technical Insights:
🔹 Trend & Price Action:
Litecoin remains in an uptrend, supported by Bollinger Bands.
Price is above key moving averages, indicating continued bullish sentiment.
🔹 Moving Averages (MA):
✅ Bullish: SMA 5, SMA 10, SMA 20, SMA 50 → All key SMAs are in favor of upward momentum.
🔹 Momentum Indicators:
RSI (66.59): Near overbought levels, but still strong.
Stochastic RSI: Bullish crossover, confirming buying strength.
MACD: Bullish crossover, signaling continued momentum.
🔹 Other Indicators:
ADX Bullish Crossover: Trend is strong and gaining momentum.
MFI (Money Flow Index): Bearish range, slight caution as buying pressure slows.
VWAP (Volume Weighted Average Price): Uptrend, confirming strong volume support.
📈 Resistance & Support Levels to Watch:
🚀 Key Resistance: $135.00, $140.00
📉 Key Support: $125.00, $120.00
🔎 Outlook & Trading Plan:
✅ Bullish Scenario: A break above $135.00 could push LTC to new highs around $140+.
⚠️ Bearish Risk: If $125.00 support fails, price may correct further.
📢 Conclusion: Litecoin is in a strong bullish trend but nearing overbought conditions. Watch for a breakout or consolidation before the next move!
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