$LTC WILL IT BE ABLE TO STAY ON TOP OR WILL IT FALL? 🚀

Well, for now, it's looking good for several reasons.

First

Simple but reliable, support. Why? It's getting higher and higher, and we've already found immediate support at $110. A good one! Furthermore, we have a healthy uptrend, with its peaks getting higher and higher.

Second

volume, like support, is essential to determine how strong and steady the uptrend is (pay attention to the buying volume, not the selling volume, of course). Considering the volume at 141 million, it's incredible.

Is everything good?

No, historically, this currency has failed at key moments to break strong resistance levels and during a long-term uptrend. As if that weren't enough, this currency has also failed in multiple attempts at a massive rally, as it falls even further at its highest prices.

Invest?

Well, yes, with one big BUT: wait 1 or 2 days to see if the immediate support holds and if that's the new floor. Invest now. After a more in-depth analysis, I noticed the double bottom it has and a possible fall, so keeping this in mind isn't a bad idea. Also, setting a good stop loss at least 109 or 108 isn't a bad idea.

Another one that I made an anaylisis and its bullish rn its $XTZ $XLM