‼️‼️Updated Analysis #LTC - 21/05 00:00
LTC follows a very interesting pattern, quite similar to that of SOL. Therefore, it is an asset that we can use to increase the volume of the portfolio in a short time and make profits.
——— AT THE MOMENT it is in correction at our 200 average, just like the other major altcoins, with the price testing important supports.
In the weekly chart, the buying volume entered strongly in the reversal candle, but started to decrease in the following bars, which reinforces the importance of caution for new entries (wait).
There is a slight divergence in the OBV, indicating possible weakening. If it reaches the 91 region and breaks with volume, there is a chance of a drop to 86-84, a key point where the giants of the game need to react. 🏓
——— UPDATE 🥷👇🏽
🥊Support: 86 | 80 | 76 | 72
🔴Resistance: 109 | 126 | 130
🚀Partial: 100 (reached) ✅ | 120 | 140
🔥Target point (medium term): 160
🔥Target point (long term): 🚀
ENTRIES: 83 - 80 (already happened) ✅ | Stop-Loss: 5%
NEW ENTRIES: 80 - 76 (already happened) ✅ | Stop-Loss: 3%
FOR THOSE WHO ARE STILL OUTSIDE: Let's wait. If the price drops to the 92 region, holds (does not break down) and tests 95 again, we can consider a fractional entry.
OR if it breaks 95, enters volume and returns testing the price, holds it's an entry (fractional).
‼️‼️MEDIUM AND LONG-TERM OPERATION.