🚀 Analysis and forecast for $LTC : is it time to enter? 📉
As of May 20, 2025, 11:06 EEST, the rate$LTC (Litecoin) on Binance is $94, down 1.5% over the last 24 hours. The trading volume for the day is $570M, with a market capitalization of $7.14B. The decline may be related to an overall market correction and profit-taking after recent growth.
Technically, $LTC shows mixed signals. On the 4-hour chart, the price has dropped below the 50-day moving average ($96), indicating a short-term bearish momentum. However, the 200-day SMA ($92) serves as strong support, and the current price is slightly above it. The RSI (14) at 48 reflects a neutral zone, with no clear overbought or oversold conditions. The nearest support is $92, resistance is $97. A breakout above $97 could lead to a rise to $101, while a drop below $92 would increase pressure towards $88.
Forecast: In the short term (until the end of May), LTC may test support at $92–$90 due to the current correction, but with sustained volumes and positive news (such as ETF approval), the price could reach $105 by July 2025. The long-term target for 2026 is $150 if Litecoin continues to strengthen as a means of payment.
Is it time to enter? The current price of $94 is close to key support at $92, making it attractive for entry with a target of $97–$101. Set a stop-loss at $90 to minimize risks. For long-term investors, this is a good accumulation point with growth potential. Keep an eye on volumes and news regarding ETFs! #LTC #Binance #CryptoAnalysis
