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LTC/USDT 1-Day Candle Analysis (English):
Current Price:
Litecoin (LTC) is trading at $113.73 as of January 7, 2025.
Technical Analysis (1-Day Timeframe):
1. Support Levels:
$111.80 (strong support zone)
$110.00 (secondary support)
2. Resistance Levels:
$116.82 (current resistance zone)
$120.00 (key psychological barrier)
3. Indicators:
Moving Averages:
50-Day MA: $115.00 (near the price, showing indecision)
200-Day MA: $120.00 (acting as a long-term resistance)
RSI:
Around 50, indicating a neutral zone with neither oversold nor overbought conditions.
MACD:
A bearish crossover, signaling potential downward movement.
4. Signal Suggestion:
Buy Signal: If LTC breaks above $116.82 with strong volume, consider entering a long position targeting $120.
Sell Signal: If LTC falls below $111.80, it may drop further to $110 or below.