$LTC /USDT - Technical Analysis
Current Price: $109.01 (+6.77%)
24H High: $109.97
24H Low: $99.46
Target Levels:
1. Target 1: $110.50
Resistance Zone: A key psychological level. Breaking above $110.50 could confirm continued bullish momentum.
2. Target 2: $115.00
Mid-Term Target: Sustaining above $110.50 with volume could push the price toward this significant resistance level.
3. Target 3: $120.00
Major Bullish Target: This level signals a strong continuation of the bullish trend and could attract more buyers.
Action Plan:
For Traders:
Secure Partial Profits: Near $110.50 to lock in gains.
Stop-Loss: Adjust stop-loss to $107.00 after achieving the first target.
Monitor breakout confirmation above $110.50 for momentum toward higher targets.
For Investors:
Consider accumulating on dips above $107.00 for a long-term hold targeting $120.00.
Watch for price consolidation above $110.00 to confirm bullish strength.
Technical Indicators:
Momentum: Strong bullish breakout with increased volume pushing prices higher.
Support Levels: Immediate support at $107.00 and stronger support at $105.00.
RSI: Watch for overbought conditions near $110.50, as a minor pullback may precede continuation.