Hello, Binance Square family! 👋
Let’s dive into the latest technical analysis of Litecoin (LTC) against USDT on the daily chart. 📊
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🔍 Market Snapshot
Current Price: $90.61 USD
24h Change: +0.97%
Intraday Range: $88.97 – $90.61
Market Sentiment: Neutral to Bullish
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📈 Technical Overview
🔹 Support & Resistance Levels
Immediate Support: $88.00
Key Resistance: $92.50
LTC is currently testing the $90 level, a crucial support zone. A successful bounce here could lead to a retest of the $92.50 resistance.
🔹 RSI & MACD Indicators
RSI: Hovering around 50, indicating a balanced market.
MACD: Neutral, with the MACD line and signal line converging.
These indicators suggest that LTC is in a consolidation phase, awaiting a breakout.
🔹 Trend Analysis
The daily chart shows a symmetrical triangle pattern, a common setup before significant price movements. A breakout above $92.50 could signal a bullish trend continuation.
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🚀 Price Prediction for June 2025
According to recent forecasts, Litecoin's price is expected to reach approximately $316 by June 2025, driven by increasing institutional interest and potential ETF approvals .
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💡 Trading Strategy
Entry Point: Consider entering a long position above $92.50.
Stop Loss: Place a stop loss below $88.00 to manage risk.
Target: Aim for a target around $110.00, aligning with the next resistance level.
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⚠️ Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
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Stay tuned for more updates and happy trading! 📈💰
