$LTC Market Watch: Sideways Consolidation with Potential Breakout
Current Price: $90.43 (+0.59%)
24H High: $91.50
24H Low: $87.08
Analysis:
LTC continues to trade sideways after facing resistance at $93. The support zone at $87-$89 remains strong, with price hovering around the MA(7) at $90.17. The MA(25) at $89.52 and MA(99) at $87.88 are holding steady, suggesting strong support levels.
Key Levels:
• Resistance: $93 – A breakout here could lead LTC toward the $95-$97 range.
• Support: $87 – Key level to watch for buyers stepping in.
Volume & Momentum:
The spike in volume near $87 indicates buying interest. However, a sustained breakout above $91.50 will require stronger momentum.
Strategy:
Wait for a decisive move above $93 for long entries, or consider accumulating near $87 support for a lower-risk opportunity.