Professional technical analysis on #LTC/USDT
Current Price: 99.49 USDT (+0.84%)
Highest Price in 24 Hours: 102.94 USDT
Lowest Price in 24 Hours: 95.07 USDT
Technical Indicators:
Bollinger Bands:
The range has begun to gradually narrow (an indication of a strong price movement approaching).
The price is close to the midpoint average (98.28), making it a pivotal support point.
RSI (6): 57.02
In a neutral zone, allowing room for upward movement without saturation.
MACD:
Previous negative crossover still exists, but there is an attempt to reverse with weak selling momentum.
Moving Averages:
MA(5) has started to cross again with MA(10) from below, which is an initial positive signal.
Proposed Trading Strategy: "Range Break Strategy"
1. Entry Point:
Initial entry between 98.5 – 99.5 USDT
Enter reinforcement on a clear breakout of the 102.5 USDT level with a 4-hour candle close.
2. Profit Objectives:
TP1: 106 USDT
TP2: 110 USDT
3. Stop Loss:
At the level of 96.00 USDT (lowest short-term support area)
4. Capital Management:
Do not exceed a risk ratio of 2% of capital.
Use a 70/30 ratio for taking profits (70% at TP1, and 30% at TP2 with a trailing stop).
Important Points:
#Litecoin still moving within a horizontal range, making it ideal for the "next breakout" strategy.
Watch for any news regarding updates on the LTC network or new partnerships.
The average volume in recent sessions indicates increasing interest without speculative rush.
