$LTC /USDT – Potential Bounce After Recent Drop

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Current Price: $85.31

Timeframe: 1H + 1D

LTC

85

-2.54%

🔍 Chart Analysis:

📉 1D Chart Insights:📊

$LTC is holding above the $85 support level after multiple retests.

Price is sandwiched between 20EMA ($88.22) and 50EMA ($91.15), indicating a crucial battle zone for buyers.

MACD is still in bearish momentum but flattening, suggesting early signs of exhaustion from sellers.

RSI is oversold near 43 – indicating a possible short-term relief bounce or base formation.

⏱️ 1H Chart Observations:📊

Bullish attempt underway with a minor reversal from $83.5 zone.

Price broke back above 20EMA ($84.94), targeting 50EMA ($86.38) as the next resistance.

MACD has turned bullish and RSI is hovering around 50.73 – early bullish momentum on the lower timeframe.

📌 Trade Strategy (Short-Term Swing): 🟢 Bullish Bias (as long as $83 holds)

Entry: $84.80–$85.20

Target 1: $86.80

Target 2: $88.50

Stop-loss: Below $83.20

📌 Key Resistance Zones: $86.80 / $88.50

📌 Support Zone: $83.00 / $82.00

💬 Thinking:

$LTC is forming a potential local bottom with short-term recovery attempts visible on lower timeframes. However, bulls must reclaim $88+ zone for a stronger upside continuation. A close above 1D 20EMA can trigger momentum reversal confirmation.

🧠 Wait for volume confirmation and candle close above $86.50 before heavy entries. Lower timeframe MACD crossing positive is a good sign of return in volatility.

🧘‍♂️ "Patience in consolidation brings reward in breakout."

📛 This is not financial advice. Do your own research before trading.

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