#litcoin✈️ Long-term technical analysis of LTC/USDT (Litecoin):
Overview of price movement:
⬅️Current price: $76.15
Highest price in the displayed period: $83.13
Lowest price in the displayed period: $63.08
⬆️The general trend in the recent period is horizontally leaning towards a slight rise after a sharp drop.
Technical indicators:
1. Exponential Moving Averages (EMA):
EMA(7) = 76.07
EMA(25) = 75.91
EMA(99) = 77.89
> The price is currently moving between EMA 25 and EMA 99, indicating a consolidation or indecision phase before making a bullish or bearish decision.
2. MACD:
The MACD line is above the signal line by a slight margin (MACD: 0.14), and DIF is above zero.
> Indicates weak bullish momentum, which may strengthen if trading continues above the moving averages.
3. RSI (Relative Strength Index):
RSI(6) = 55.77
> In the neutral zone, indicating no overbought or oversold conditions. The market is currently balanced.
4. Trading volumes:
There is a gradual decline in trading volume reflecting investors' caution and possibly waiting for a news or event catalyst.
⚠️Long-term expectation:
Previous trend: Downward from 83 towards 63.
⏫Current state: Stability and gradual recovery.
Nearby resistances: 77.89 (EMA99), then 83.13.
Supports: 75, then 72.34, then the bottom at 63.08.
🎯> Conclusion: If the resistance level at 78 is broken firmly, we may see a gradual return towards the 80–85 areas. However, if the support at 72.34 is broken, it may retest the level of 63.
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