#CryptoTrading. #Signalš„.
šTechnical Analysis (1 hour) $LTC /USDT
1. Price Dynamics and Trend:
⢠The chart shows the price increasing from around 99.69 to 122.91 over the past few days (as of 07/20/2025). This indicates a strong uptrend.
⢠Moving averages (MA5: 384,067.827 and MA10: 380,970.349) confirm the upward movement, as the price is above these averages.
2. Technical indicators:
⢠Bollinger Bands (BOLL): The price is approaching the upper limit (122.79), which may signal a possible overbought or upcoming correction.
⢠MACD: DIF (3.61) exceeds DEA (3.25), and the MACD histogram is positive (0.36), which supports the uptrend.
⢠Stochastic RSI: The value of 88.70 (MASTOCHRSI: 92.87) indicates a high overbought zone, which may warn of a possible reversal or correction.
⢠Volume: The increase in volume (47,964,690) accompanies the upward movement, which confirms the strength of the trend.
3. Support and resistance:
⢠Support level: around 106.17ā111.75 (local lows).
⢠Resistance level: 122.91 (current high), higher levels may be tested if the trend continues.
ā ļøConclusion: The current trend is up, but high Stochastic RSI values and approaching the upper Bollinger Band may signal the risk of a correction. It is recommended to monitor the volume and support levels (106.17ā111.75) to confirm further movement.