Current situation:
- Price: $88.14 (+2.00% for the last period).
- Range 24h: $84.55 – $88.45.
- Volumes: High (1.70 million LTC / 146.76 million USDT), indicating market activity.
- Indicators:
- MACD: Positive (DIF > DEA), signaling a possible continuation of growth.
- RSI(6): 63.04 (close to overbought, but not yet in critical zone).
Key levels:
- Support: $84.55 (minimum of 24h), $83.42 (next support level).
- Resistance: $88.45 (maximum of 24h), $90.78 (next resistance level).
Scenarios and actions:
1. Bullish scenario (growth):
- Confirmation: Closing of the candle above $88.45 with increased volume.
- Action: Buy with targets of $90.78 and $98.14 (if the trend strengthens).
- Stop-loss: Below $84.55.
2. Bearish scenario (correction):
- Confirmation: Bounce from $88.45 or break of $84.55.
- Action: Sell with targets of $83.42 and $76.06.
- Stop-loss: Above $88.45.
3. Consolidation (sideways):
- Range: $84.55 – $88.45.
- Action: Trading from the range boundaries with tight stops.
Recommendations:
- Risk management: Do not risk more than 1-2% of capital per trade.
- Profit taking: Partially take profit at key levels ($90.78, $98.14).
- Monitoring: Keep an eye on volumes and news that may affect LTC.
Note: Consider the high volatility of the crypto market and adjust the plan as circumstances change.
#LTC #MarketPullback #SaylorBTCPurchase #BinanceHODLerSTO #StablecoinPayments
