🔍 LTC Analysis – RSI Divergence Near $110 Resistance 🔍
🌀 Litecoin (LTC), a legacy coin with strong historical momentum, is showing signs of exhaustion near the $110 mark. Technical indicators suggest a possible short-term pullback.
📈 Technical Analysis
- Short-Term Trend: Bullish but weakening
- Support: $106.20
- Resistance: $112.80
- Pattern: Rising wedge forming on 4H
- Volume: Decreasing on green candles—potential divergence
- RSI: 64 – bearish divergence spotted
- EMA: 20 EMA still above 50 EMA, but flattening
- Outlook: Risk of breakdown if RSI divergence plays out
📰 Market Data & News
- Current Price: $109.90
- 24h Change: +1.87%
- 24h High: $111.20
- 24h Low: $107.45
- Volume: 1.9M LTC / $208.7M USDT
- No major headlines or listings at this time
🔄 Scenario Breakdown
- 🟢 Bullish Case: Break above $112.80 with volume surge confirms continuation
- 🔴 Bearish Case: Drop below $106.20 confirms wedge breakdown toward $101.50
📊 Sentiment Meter
📊 Neutral
⚠️ Risk Level
🟡 Medium
💬 Audience Engagement
Will LTC break past $112 or reverse from RSI divergence? Share your thoughts below 👇
📌 With RSI divergence and wedge formation in play, LTC traders should watch for volume confirmation before chasing upside. A breakdown could shift sentiment quickly.
📢 Not financial advice. Always do your own research before making trading decisions.
🏷️ #LTC #CryptoLegacy