๐ LTC/USDT Technical Analysis (4H Timeframe)
๐น Market Overview
Current Price: $90.24
24H High: $93.21
24H Low: $83.21
Price Change: +2.92%
๐ Technical Breakdown
1๏ธโฃ Support & Resistance Levels
Major Resistance: $113.00
Intermediate Resistance: $102.26
Current Resistance: $91.51 (short-term)
Key Support: $83.21
2๏ธโฃ Price Action Analysis
LTC recently bounced from strong support at $83.21.
The price is currently testing resistance at $91.51, which could determine the next move.
A break above $91.51 could lead to a move towards $102.26, while rejection might push it back to $83.21.
๐ Possible Scenarios
โ Bullish Scenario (Break Above $91.51)
If LTC holds above $91.51, it could push towards $102.26 and possibly $113.00.
โ Bearish Scenario (Rejection at $91.51)
A rejection could lead to a retest of $83.21, and a break below could signal further downside.
๐ข Trading Strategy
๐ Long (Buy) Entry:
Entry: Above $91.51
Targets: $102.26 โ $113.00
Stop Loss: Below $88
๐ Short (Sell) Entry:
Entry: Below $88
Targets: $83.21 โ $80.76
Stop Loss: Above $91
๐ Conclusion
๐น LTC is at a key resistance of $91.51, and a breakout could signal further upside.
๐น A rejection at $91.51 may push the price back to $83.21 support.
๐น Watch for volume confirmation before entering a trade.
๐ก Recommendation: Monitor $91.51 closelyโbullish breakout leads to upside, while rejection could bring a pullback.