💡 Quick technical analysis for LTC/USDT:
✅ Strong rebound from $80.99 to $93.70!
The price recorded a clear bottom and then surged strongly, confirming significant buying momentum during previous sessions.
✅ RSI indicator at 20.51 – in the oversold area!
This is an important signal for a potential near-term rebound, as the price tends to bounce at this level.
✅ The MACD is negative but stable
The lines are converging and indicate a potential positive crossover coming that reinforces the upward movement.
✅ Trading volumes have decreased after the peak
This may indicate the end of the current correction, with traders anticipating a new breakout.
$LTC
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🚀 Expected scenario:
If LTC manages to hold above the nearby support level at $88.00, we may see a rebound towards $91.50 and then test the strong resistance at $93.70 again.
If the mentioned support breaks, $85.00 - $83.00 could form a very strong rebound zone.
$LTC
LTC
89.44
-0.08%
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📊 Additional technical analysis – Are we witnessing the formation of a 'bull flag' pattern?
The price formed a rapid vertical rise and then began a sideways correction, resembling a bull flag pattern – and if it breaks upwards, the price could easily head towards $96+!
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🚨 Supporting signals from indicators:
RSI is very low → a rebound is highly likely.
MACD is negative but stabilizing → await a positive crossover.
Weak trading volumes → possibility of accumulation before a big move.
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🎯 Upcoming movement predictions:
Gradual rise towards $91.50 - $93.70
In case of breaking $93.70, we open the space towards $96 - $98
Key support at $85.00 should be closely monitored.
$LTC
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💬 My personal opinion:
LTC is in a correction phase after a strong rise, but the very low RSI, along with a potential technical pattern, supports a positive scenario. This is a good opportunity to pay attention and prepare for a strong move.
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✅ Final advice:
Don't enter randomly!
And use Stop Loss below $85.00 to minimize risks.
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📢 Do you think LTC is on the verge of a new explosion? Or will the correction continue? Share your expectations!
