📌 Technical, Wave, and Candlestick Analysis for LTC/USDT
📊 1. Technical Analysis: General Trend and Key Levels
📌 General trend
• Current price: 130.51 USDT
• Last bottom: 24.00 USDT
• Last peak: 413.49 USDT
• Moving averages:
• EMA(7) = 117.64 → Price is above this level, indicating short-term bullish momentum.
• EMA(25) = 100.87 → Price is far from this average, which supports the uptrend.
• EMA(99) = 87.35 → Price is much higher, indicating the strength of the uptrend.
📌 Technical indicators
• RSI(6) = 68.49 → close to overbought.
• RSI(12) = 64.36 → still in positive territory.
• RSI(24) = 61.01 → supports the uptrend.
• MACD = 1.71 → Positive signals but beware of any negative crossover.
• Stoch RSI = 22.12 → in the neutral zone, indicating the possibility of a continued rise.
• Williams %R = -24.69 → Still in the buying range but not in full saturation.
✔ Interpretation:
• The trend is currently up, but the RSI is showing signs of being close to overbought, which could lead to a potential correction.
• MACD is still in positive mode, supporting the uptrend, but be careful of any possible reversals.
📉 2. Wave Analysis (Elliott Waves)
• LTC appears to have completed an upward impulse wave (1-5) after the 24.00 USDT bottom.
• The price may now be in the corrective wave ABC, or it may start a new impulse wave if it breaks the resistance levels.
📌 Possible scenarios for the next wave
✔ If the price holds above 117.64 USDT (EMA 7), we may see a continuation of the rise towards 140-175 USDT.
✖ If the price breaks 117.64 USDT, a correction towards 100-110 USDT may start.
📈 3. Japanese Candlestick Analysis: Reversal or Continuation Signals
1. Consecutive bullish candles over the last few days, indicating strong momentum.
2. If a reversal candle appears such as an “inverted hammer” or a “bearish engulfing” candle, it may indicate the beginning of a correction.
3. If the strong green candles continue, the price may target 140-150 USDT.
🎯 Possible strategies based on technical analysis, wave, and Japanese candlesticks
✅ Buy entry strategy (if the upward momentum continues)
1. Buy entry on any bounce above 117.64 USDT.
2. First target at 140 USDT.
3. Second target at 175 USDT if the momentum continues.
4. Stop loss at 115 USDT.
❌ Strategy for entering a sell trade (if the correction begins)
1. Sell entry when 117.64 USDT is broken.
2. First target at 110 USDT (EMA 25).
3. Second target at 100 USDT (strong support).
4. Stop loss at 125 USDT.
📌 Final conclusion: Is there a compatibility between technical analysis, wave, and Japanese candlesticks?
✔ Yes, the general trend is up, but there are signs of a possible imminent correction due to the RSI reaching overbought areas.
✔ If the price continues above 117.64 USDT, it may continue to rise towards 140-175 USDT.
✔ If it breaks 117.64 USDT, we may see a correction to 100-110 USDT in the coming days.
📌 🚀 Final decision:
• If the price continues its upward momentum, entering a buy trade would be ideal.
• If reversal signals appear on the candles or 117.64 USDT is broken, it might be better to wait for a correction before re-entering!
