$LTC /USDT Chart Breakdown - Ready for a Move? 💥
Current Price: $94.47
Key Observations:
* Recent High & Pullback: Litecoin (LTC) reached a recent high of $98.33 and has since experienced a healthy pullback.
* Finding Support: The price appears to be finding support around the MA(25) level of $92.96 and is currently trading above MA(7) ($93.21) and MA(99) ($88.24). This indicates that the broader uptrend from July 9th is still intact.
* Volume Profile: Volume was strong during the initial surge, and while it's cooled during the pullback, it suggests accumulation rather than a strong sell-off.
* Bullish Reversal Candle: The latest 4-hour candle is green and shows strong buying interest, potentially indicating the end of the recent correction.
Short-Term Outlook:
LTC is showing signs of recovery after its pullback. Watch for a decisive move above the short-term resistance. Continued trading above the moving averages would reinforce a bullish outlook.