Litecoin Aims for $112 Following Sustained Support at $96
Current Price Action: Litecoin is trading above $96, showing potential momentum towards resistance levels at $101.50 and $112, with analysts projecting a target of $140 if a breakout occurs.
Market Sentiment: The price movement remains indecisive, with traders closely monitoring key resistance levels. A decline in Bitcoin dominance could allow altcoins like Litecoin to gain momentum.
Intraday Analysis: The intraday chart indicates a choppy structure near the $101.50 resistance, where a breakout could trigger long positions, while failure to hold above this level may lead to sideways movement.
Future Projections: Analysts emphasize the importance of sustaining above $96 for a gradual move towards $112, with a potential breakout opening the path to $140, highlighting that healthy consolidation often precedes upward trends.
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Technical Analysis for LTC
Technical Sentiment Analysis for Litecoin (LTC) As of , Litecoin (LTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Litecoin (LTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 24.953 | 35.011 | 46.353 | 56.411 | 67.753 | 77.811 | 89.153 |
| Fibonacci | 35.011 | 43.186 | 48.237 | 56.411 | 64.586 | 69.637 | 77.811 |
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