💡 Quick technical analysis
✅ Perfect bounce from the bottom of $83.78 – Litecoin rejected the collapse at this level and has begun forming an upward corrective wave that has currently brought it to $85.24. The movement suggests that the 'giant' has started to move!
✅ RSI(6) at 74.81 – Yes, we have entered the overbought zone, but this often indicates strength in upward momentum rather than the opposite, especially if liquidity is high.
✅ MACD is clearly positive – the difference between DIF and DEA is widening (0.06 vs -0.05), and MACD gives a strong reading at 0.11, indicating that buyers currently dominate the scene.
✅ Close break of resistance level – the price is nearing a breakout above today's peak of $85.95, and this breakout will be the key to launching into new areas.
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📈 Possible scenario
If resistance at $85.95 is broken, the next target will be $86.80 then $87.50.
Strong support in the range of $84.60 – $83.78 provides a good safety level for short-term speculators.
$LTC
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💰 Golden opportunity for buyers
The current price at $85.24 is considered an exciting entry point – close to resistance but with clear upward momentum. If you're trading quickly, this is the time to make a smart move with a stop loss below $84.60.
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$LTC
⚠️ Alert before it's too late
Momentum is building, and liquidity is flowing – Litecoin is signaling a near launch.
Don't wait for a breakout above $86 to consider entering, as the next move could be faster than you think.
And as always: Risk management is the key to staying and winning in the trading arena. 💼
$LTC
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🎯 The question for you now:
Will you seize this moment and join the giant on its next leap? Or will you just watch? The decision is in your hands… 🚀👇