$LTC Technical Analysis: The market is in a downtrend and critical support and resistance levels 📉
🔍 General trend summary
The market is clearly heading down, having recorded a low of 92.64 on January 13,
forming a major support level.
⚡️ Key support and resistance levels:
Support levels:
$92.64👈
Represents the most important support currently
$94.67 and $97.30
Additional support levels to watch.
Resistance levels
$108.23, $114.72 and $117.42
Major resistances that are proving difficult to overcome in the current situation.
🎯 Recommendations and strategies:
In case of a downtrend👈
Monitor the price stability in the range between $92-95 before making any buying decisions.
In case of upside👈
Look for buying opportunities only after breaking the resistance at $108.23 and showing
clear reversal signals.
📝 Investor Advice:
📌 It is advisable to remain cautious and avoid risk until clear stabilization or reversal signals appear.
📌 Use wise capital management to reduce risks under current market conditions.
🚀 Stay informed and be ready to make the right decisions at the right time, opportunities are always at the fingertips of prepared investors! 🌟