LTC fell slightly to $111.09, ready to go or trend reversal?
LTC (Litecoin) is currently priced at $111.09, down 1.27% in 24 hours.
• 24-hour highest price: $117.38
• 24-hour lowest price: $109.72
• 24-hour trading volume: $72.6058 million
Litecoin has experienced a short-term decline, approaching an important support level, and market sentiment has become cautious.
Technical analysis:
• Support level: $110.00 / $105.00
• Resistance level: $115.00 / $120.00
• RSI indicator: 26.99, entering the oversold zone, the probability of a rebound increases.
• MACD indicator: The bearish momentum continues, but the volume is reduced, and the adjustment may be nearing the end.
Litecoin has a short-term correction. If it can stabilize at the $110.00 support level, it is expected to usher in new upward momentum.
Fundamental highlights:
1. The long-term impact of the halving effect
Litecoin historical data shows that halving usually triggers price increases, and the market's expectations for 2025 are still high.
2. Expansion of the payment network
Litecoin's payment applications around the world continue to expand, and its ecological value is gradually emerging.
3. Institutional attention increases
Many institutional reports show that LTC is becoming an important part of their investment portfolios.
Operational suggestions:
Short-term strategy:
• Entry price: Build positions in batches around $110.00
• Profit target: $115.00, $118.00
Stop loss: $108.00
Mid-term layout:
If the price pulls back to below $105.00, you can focus on potential rebound opportunities, with a target of more than $125.00.
Do you think LTC will rebound in the short term? Is it worth investing in a long-term position?
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