Is it time to take off? Technical analysis of coin $LTC
(LTC/USDT) on a 1-day frame
Technical Analysis:
🔸 Current price: 88.69 USDT
🔸 Highest price in 24 hours: 88.86
🔸 Lowest price in 24 hours: 86.07
Indicators:
✅ RSI at 48.10: has exited the oversold territory, indicating a potential start of positive momentum.
✅ MACD: shows a bullish crossover in formation, which may open the door for a wave of increase.
🔹 The price has bounced from support at 84.70 and started to form higher highs and higher lows.
🔸 The Bollinger Bands have started to tighten = we are waiting for a price explosion soon (volatility squeeze).
🔸 A close crossover with MA10 and MA20 enhances the likelihood of a breakout.
Suggested trading strategy:
Trade type Long (Buy)
Entry point 88.50 – 88.80
Stop loss 86.90
First target 91.90
Second target 94.30
Suggested leverage 5x – 10x (moderate risk)
Notes for traders:
The last candle gave a positive reversal signal after breaking the immediate resistance.
Strong entry confirmation occurs after closing a candle above 89.50.
Don't miss the opportunity... a new trend may be coming on LTC!
