Technical Analysis of Litecoin (LTC) – 3-Day Frame: A Rare Entry Opportunity!
Litecoin ($LTC ) shows an exciting technical signal on the 3-day frame after a strong rebound from the $63 bottom.
Currently, the price is trading at $97.33 after a slight correction from the resistance at $102, making these levels a very calculated entry opportunity for serious followers.
Technical Outlook:
Bollinger Bands have started to expand again after strong pressure → likelihood of an upcoming movement.
RSI = 58.9 → Continuous positive momentum, but still far from overbought.
MACD: New positive crossover supports the continuation of the upward trend.
Proposed Entry Plan (not a financial recommendation):
First Entry Point: Current price $97.30
Second Entry Point (Add-on): $92.50 (Middle Bollinger support)
Stop Loss: $89.90 (Below strong support with a risk of 1-2%)
Technical Targets:
First Target: $105
Second Target: $110.50
Third Target: $118
Risk-to-Reward Ratio: Excellent, more than 3:1 on the second target alone.