📌 Litecoin (LTC) – Pausing after a strong increase, is it an opportunity or a risk?

$LTC

#LTC #Litecoin #Crypto

Current price: $99.25 USD

24h: +4.41%

Volume 24h: $688.79M

Market capitalization: $7.53B

Lowest in the day: $94.53

Highest in the day: $99.62

(coinmarketcap.com)    

🔍 Summary of multi-timeframe technical trends

• H1: Clear short-term uptrend, support at $94.50

• H4: Price increase with stable trading volume

• D1: In a correction phase after a strong increase, needs to surpass the $100 area to confirm the next uptrend

🎯 Short-term trading strategy

Long Order:

• Entry: $94.50

• TP: $105.00

• SL: $90.00

• Probability: 70%

(Note: Increased trading volume helps reinforce the uptrend)   

Short Order:

• Entry: $105.00

• TP: $99.00

• SL: $107.00

• Probability: 40%

(Note: Only execute when there are clear reversal signals)

⚠️ Quick note

• Futures trading can yield high profits but carries significant risks. Capital management is essential.

✅ Conclusion

Litecoin is showing positive signals with increased trading volume and a clear short-term uptrend. However, close monitoring of the $100 area is needed to confirm the long-term trend.

$LTC