LTC/USDT forecast for the next one to two weeks
Technical analysis
$LTC is trading in an uptrend after breaking the resistance level of 100 usdt.
The Relative Strength Index (RSI) is currently below 70, having fallen as a result of the correction.
$LTC is likely to continue rising in the coming week. I expect it to trade above the support level of 100 usdt, with growth potential reaching 160 usdt or even higher to 185 usdt.
Key levels:
Resistance: 140 usdt
Support: 100 usdt
The pair may remain in this range for some time, but is likely to continue moving upwards afterward.
For those who would like to buy LTC, it should be noted that purchases will be more advantageous the closer they are to the level of 100, or a conservative option is to wait for a breakout of the level of 140.
At the same time, it should be remembered that there is always a possibility that the price could move in the opposite direction, so it is essential to set a stop-loss.
And if the price drops below 100 usdt, refrain from both buying and selling.
Note:
This forecast is not a trading recommendation and is based on current market conditions and may change. Traders are advised to conduct their own research and trade cautiously.
