$LTC LTC (Litecoin) current market analysis and strategy

📌 Price: $102.26 (-5.79%)

📌 Last minimum: $93.83

📌 Last maximum: $110.92

📌 MA(7): $103.45 (price below it)

📌 MA(25): $101.55 (price slightly above it)

📌 MACD: Decrease has started

⸻

Strategy:

1️⃣ If you want to go long (bet on increase):

✅ Entry: in the range of $100 - $102

✅ Stop-loss: $98

✅ Target: $105 - $107

Why?

• LTC has recovered well from $93.83, but now it has dropped below MA(7).

• If the price doesn’t drop below $100, it may move upwards again.

• Stop-loss should be placed below $98, as if it drops below there, a significant decline may occur.

⸻

2️⃣ If you want to go short (bet on decrease):

✅ Entry: in the range of $102 - $104

✅ Stop-loss: $106

✅ Target: $98 - $96

Why?

• The price is currently stuck between MA(7) and MA(99), and MACD has started to show a decrease.

• If it cannot break above the range of $103.5 - $104, going short is better.

• Stop-loss should be placed at $106, as if the price breaks out of that area, the trend may change.

⸻

How does the strategy work?

👉 If BTC and the overall market are rising, going long in the range of $100 - $102 is good.

👉 If BTC decreases again or cannot break above $104, going short is recommended.

You need to be cautious now, as the LTC trend is unclear, but the likelihood of moving down is high. A good zone for shorting is $103.5 - $104.5. A safe zone for going long is $100 - $102, but there is a risk of dropping.

🚀 Manage risk and enter with a strict stop-loss!