📊 General information:
Current price: $86.44
Max. in 24h: $87.37
Min. in 24h: $85.05
Change over 7 days: +5.81%
Change over 30 days: -8.41%
Volume in 24h: 214,117 $LTC (~18.42 million $USDT )
📈 Chart (1H timeframe):
1. Trend:
An upward momentum is visible in the last hours, after consolidation between $84–85.
The price has exited the "sideways" movement, breaking the resistance level around $86.
2. Support and resistance:
Nearest support: $85.00–85.20
Strong resistance: $87.30–87.50 (the level where the correction previously started)
3. Volume:
An increase in volume is observed during the rise — this confirms the strength of the bullish movement.
4. Candlestick analysis:
There are "bullish" candles with long bodies — active buying.
🧭 Weekly forecast:
If the current upward momentum continues:
🔼 Bullish scenario:
Breaking $87.50 will pave the way to $89.00–$90.00.
If it consolidates above $90 — a momentum towards $92–93 is possible.
🔽 Bearish scenario:
If it fails to consolidate above $87.50 — a pullback to $85.00 is possible.
Below $85 — the next support zone is $83.00 and $81.50.
✅ Conclusion:
Short-term — bullish momentum.
Technically attractive situation for short-term trading.
But for confident growth — it needs to break $87.50 and stay above.
