Current price: $LTC
112.66 - 113.42 USD (+9.59% over 24 hours).
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#🔍 Today's key market movements:
1. Strong upward momentum:
- The price increased by 10.43% today supported by strong buying wave and overall rise in the cryptocurrency market (market cap nearing 4 trillion USD).
- Trading above moving averages (50 and 200 days) strengthens short-term bullish signals.
2. Conflicting technical indicators:
- Daily RSI at 87.16 (overbought zone), indicating a potential upcoming downward correction.
- Immediate resistance at 115.14 USD: Breaking it could push the price towards 129.28 USD.
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❓ In conclusion: Is the current rise a real start to a bullish wave?
- Positive factors: Increased adoption of LTC payments, and development of technical protocols.
- Challenges: Conflicting technical signals, and market impact from global monetary policies.
> 📣 Share your opinion: Do you think Litecoin can break the 115 USD resistance this week? Why?
#CryptoMarket4T
