LTC/USDT: Technical Analysis

Time Frame: 4-hour

Current Price: $67.11

Trend: Bullish

Indicators:

1. RSI (14): 58.42 (Bullish)

2. MACD (12, 26): 0.44 (Bullish)

3. Moving Averages:

- 50-period MA: $64.91

- 200-period MA: $59.45

4. Bollinger Bands:

- Upper band: $70.15

- Lower band: $60.07

Support and Resistance Levels:

1. Support:

- S1: $65.49

- S2: $63.95

- S3: $62.41

2. Resistance:

- R1: $69.13

- R2: $71.15

- R3: $73.17

Candlestick Patterns:

1. Bullish Engulfing

2. Hammer

Chart Patterns:

1. Ascending Triangle (Bullish)

2. Inverse Head and Shoulders (Bullish)

Analysis:

The 4-hour chart shows a bullish trend, with LTC/USDT forming an ascending triangle. The RSI is bullish, while the MACD indicates bullish momentum.

Trading Strategy:

1. Long: Above $69.13, targeting $71.15 and $73.17.

2. Short: Below $65.49, targeting $63.95 and $62.41.

Risk Management:

1. Stop-loss: 5-10% below entry price.

2. Position size: 2-5% of total portfolio.

Market Sentiment:

1. Fear & Greed Index: 63 (Greed)

2. Sentiment Analysis: 70% Bullish, 30% Bearish

Not Financial Advise