$LTC: Reclaims Key Resistance Level: Flip to Support Complete
LONG SETUP LTC
Entry: $63.6800 - $63.7100
Stop Loss: $61.1472
Take Profit: $68.7906 (2R)
Key Levels: Support $63.6800 | Resistance $64.0200
Technical Analysis for $LTC: Price sits just above the 1hour support at 63.68, with EMA9 (63.60) and EMA21 (63.71) hugging the market, while EMA50 remains higher. MACD line is marginally above its signal and stochastic K crosses above D, indicating early bullish momentum. Orderbook shows a 12% bid imbalance. Watch 64.02 resistance; a break confirms the long setup. Risk lies at 61.5; target 68.1.
Market Context: BTC is up 0.96% on the day, keeping the broader market broadly positive.
LONG $LTC
LONG SETUP LTC
Entry: $63.6800 - $63.7100
Stop Loss: $61.1472
Take Profit: $68.7906 (2R)
Key Levels: Support $63.6800 | Resistance $64.0200
Technical Analysis for $LTC: Price sits just above the 1hour support at 63.68, with EMA9 (63.60) and EMA21 (63.71) hugging the market, while EMA50 remains higher. MACD line is marginally above its signal and stochastic K crosses above D, indicating early bullish momentum. Orderbook shows a 12% bid imbalance. Watch 64.02 resistance; a break confirms the long setup. Risk lies at 61.5; target 68.1.
Market Context: BTC is up 0.96% on the day, keeping the broader market broadly positive.
LONG $LTC