๐ Analysis of coin $LTC on the daily frame
Hey guys, $LTC bounced from its bottom at $40.52 and is now at $44.80 with a positive recovery starting ๐
The price rebounded from the low and the MACD flipped positive +0.43 and the RSI(6) crossed 50 โ which means momentum is starting to shift, but it's still below the major moving averages so patience is key ๐ง
Suggested entry: $43.94 โ $44.80
๐ฏ Target 1: $47.30 (MA25)
๐ฏ Target 2: $53.35 (MA99)
๐ฏ Target 3: $60.61
๐ด Stop loss: below $40.52
About the coin ๐ช
Litecoin or LTC is one of the oldest cryptocurrencies, launched in 2011 as a lighter and faster version of Bitcoin. It processes transactions 4 times faster than Bitcoin and with significantly lower fees. Many people call it the "digital silver" compared to Bitcoin's "digital gold." An old and reliable coin that hasn't gone away despite all the volatility ๐ช
โ ๏ธ This is not financial advice. Trade responsibly โ and we must stick to the stop loss, it's what protects your capital. ๐ก๏ธ
#LTC #Litecoin
Hey guys, $LTC bounced from its bottom at $40.52 and is now at $44.80 with a positive recovery starting ๐
The price rebounded from the low and the MACD flipped positive +0.43 and the RSI(6) crossed 50 โ which means momentum is starting to shift, but it's still below the major moving averages so patience is key ๐ง
Suggested entry: $43.94 โ $44.80
๐ฏ Target 1: $47.30 (MA25)
๐ฏ Target 2: $53.35 (MA99)
๐ฏ Target 3: $60.61
๐ด Stop loss: below $40.52
About the coin ๐ช
Litecoin or LTC is one of the oldest cryptocurrencies, launched in 2011 as a lighter and faster version of Bitcoin. It processes transactions 4 times faster than Bitcoin and with significantly lower fees. Many people call it the "digital silver" compared to Bitcoin's "digital gold." An old and reliable coin that hasn't gone away despite all the volatility ๐ช
โ ๏ธ This is not financial advice. Trade responsibly โ and we must stick to the stop loss, it's what protects your capital. ๐ก๏ธ
#LTC #Litecoin