$LTC Through the chart, the LTC/USDT currency is now at approximately level 121 after a strong decline, and it is currently above a support area near 118 – 120, which may make the price attempt to bounce back if it maintains this area.
However, there are points to note:
The RSI indicator is at around 40, which is close to the oversold area, enhancing the possibility of a short bounce.
The green cloud line (Ichimoku) is currently below the price, which may provide additional support.
The first near resistance is at 124.7, then 126.5, and if it breaks through, it could rise towards 131 – 134.
In summary:
A bounce could start in the coming hours if the price maintains support at 118–120.
In case of breaking 118, it may continue to decline.
In case of breaking 126.5 with a closing candle of 4 hours, this is a stronger bullish signal.
