$LTO back to capturing market attention after successfully recording a significant price spike of up to +32.98% in the last 24 hours 🚀. Currently, LTO is trading in the area of $0.0504 after previously hitting a daily low of $0.0377.
📊 Technically, this price movement indicates a strong potential reversal from the short-term support level. The price has also broken out from the lower accumulation and successfully penetrated three key EMA levels (EMA13, EMA21, and EMA99) in one vertical push (a fairly solid short-term bullish signal).
LTO's trading volume surged dramatically, recording over $186 million in the last 24 hours, indicating that this spike is supported by quite strong liquidity, not just a temporary pump. However, it should also be noted that the RSI(6) is currently at 86.85, which technically has entered the overbought zone 📈 — the risk of a short-term correction still needs to be anticipated.
Is this the early signal of LTO's revival after a long down phase, or just a temporary bounce amid a macro bearish trend?
What do you think, does LTO still have the potential to continue rising, or is it time to take profit?
📌 Disclaimer: Not Promotion & Not Financial Advice
