🚀💰The price of Litecoin LTC surpasses 100 dollars, with expectations of continuing the rise. According to technical analyses, the price of Litecoin has broken through a consolidation range between 82 and 96 dollars, and the current rise above 104 dollars could push the price to its highest level since early June.📈
🌟*Key levels to watch:*👇
✅- *Support area:* 96 to 100 dollars, where previous resistance has turned into support.
✅- *Immediate resistance:*
✅ - 107.60 dollars, Fibonacci level 0.786.
✅- 112.25 dollars, Fibonacci level 1.0.
✅- *Upside extension target:* 120 to 130 dollars, Fibonacci levels 1.272 and 1.618.
🌟*Relative Strength Index (RSI):*
✅- The RSI is currently at 78.06, indicating an overbought condition.
✅- However, in breakout situations, the RSI may remain in the range of 75-85 for extended periods during an uptrend.
🌟*Price forecast for Litecoin:*
✅- Considering the strength of the breakout, momentum indicators, and Fibonacci structure, the likely scenario is a continuation of the rise.
✅- There may be profit-taking near 112 dollars, but if the LTC price maintains support at 100 dollars, the upcoming rise could be strong and surprising.
Currently, Litecoin is trading at 117.81 dollars, up by 15.90% in the past 24 hours.
