Technical Analysis of $LTC /USDT

1️⃣ Trend Analysis – Bullish Momentum

Litecoin (LTC) is showing a strong uptrend, with higher highs and higher lows forming.

The price recently touched a high of $137.50 and is currently trading at $135.75, reflecting a 4.72% increase in the past 24 hours.

The chart shows a steady bullish structure, with buyers pushing the price up consistently.

2️⃣ Key Support & Resistance Levels

Support Levels:

$133.05 – Recent minor support level.

$127.29 – Stronger support, previous resistance-turned-support.

$121.54 – Major support level.

Resistance Levels:

$137.50 – Current 24-hour high and key resistance.

$138.81 – Potential next resistance level if price breaks above $137.50.

3️⃣ Moving Averages (MA) – Bullish Alignment

MA(7) = 133.48, MA(25) = 131.74, MA(99) = 125.50

The short-term MA(7) is above MA(25) and MA(99), indicating a strong uptrend.

The price is above all major moving averages, suggesting buyers are in control.

4️⃣ RSI (Relative Strength Index) – Overbought Zone

RSI(6) = 72.97, which is in the overbought zone (>70).

This means the price is at risk of a short-term pullback, but strong bullish momentum can push it higher.

5️⃣ Volume Analysis – Increasing Buy Pressure

Volume is rising, confirming strong buying interest.

If volume remains high, breakout above $137.50 is possible.

If volume decreases, a pullback to $133.05–$127.29 support levels may occur.

---

Potential Trade Setups

📈 Bullish Scenario (If Price Holds Above $133.00)

Entry: Buy near $133.50–$135.00 on retracement.

Target: $137.50 → $138.80 → $145.00 (long-term).

Stop-Loss: Below $127.00 to protect from reversal.

📉 Bearish Scenario (If Price Drops Below $133.00)

A break below $133.00 could lead to a pullback to $127.00 or even lower.

Entry: Short below $133.00, targeting $127.29 - $121.50.

---

Conclusion: Bullish but Watch RSI for Pullback

Litecoin is in a strong uptrend, with bullish moving averages, high volume, and rising price action. However, RSI is in the overbought zone, meaning a short-term correction is possible before another leg up. Traders should wait for a breakout above $137.50 or a dip to key support levels before entering trades.

🚀 If bulls ma

intain control, LTC could soon test $140 and beyond! Stay updated for the next move!