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altFINS
Jun 25, 2023 4:44 PM

LTC: Resistance Breakout Long

Litecoin / TetherUSBinance

Description

Litecoin (LTC) technical analysis:

Trade setup: Price broke back above $80 support and above 200-day moving average ($85), which could signal Uptrend resumption with $105 as potential upside.

Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
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