๐จ PUMP ALERT | $LTC ๐จ
๐ข Buy Setup
๐ โ49$โ Entry area: 53.50$ โ 51.30$
(Waiting for a healthy pullback and a retest of the supports at the Daily EMA200 and the MA50 on the 4-hour timeframe)
๐ฏ Targets:
TP1: 59.46$ (last peak)
TP2: 60.61$ (previous historical resistance)
TP3: 68.79$
88$ 136$ 141$
(average range target - weeks, at the)
longer EMA200)
๐ Stop Loss: 47.00$ (below the last low of 47.41$)
Why buy?
LTC has actually broken above the 200-day moving average (EMA200: 53.45 / MA200: 50.45) with strong momentum (Daily RSI 71) after a long period of weaknessโthis is a real positive structural break. However, momentum on the smaller timeframes started to cool off (1-hour RSI 47.85) after the rejection from the 59.46 peak, so itโs better to wait for a pullback toward supports instead of chasing the current price.
โ ๏ธ Note: the 137$ target needs weeks/months, not days.
โ ๏ธ Not investment advice
#ููุฑู
Supports and resistances: ... in order
60.61$
Resistance - previous peak (3-day timeframe)
59.46$
Immediate resistance - last peak
55.10$
Current price
53.45$
Daily EMA200 - first support
51.32$
MA50 (4-hour timeframe) - second support
47.41$
Strong support - last low
$LTC
๐ข Buy Setup
๐ โ49$โ Entry area: 53.50$ โ 51.30$
(Waiting for a healthy pullback and a retest of the supports at the Daily EMA200 and the MA50 on the 4-hour timeframe)
๐ฏ Targets:
TP1: 59.46$ (last peak)
TP2: 60.61$ (previous historical resistance)
TP3: 68.79$
88$ 136$ 141$
(average range target - weeks, at the)
longer EMA200)
๐ Stop Loss: 47.00$ (below the last low of 47.41$)
Why buy?
LTC has actually broken above the 200-day moving average (EMA200: 53.45 / MA200: 50.45) with strong momentum (Daily RSI 71) after a long period of weaknessโthis is a real positive structural break. However, momentum on the smaller timeframes started to cool off (1-hour RSI 47.85) after the rejection from the 59.46 peak, so itโs better to wait for a pullback toward supports instead of chasing the current price.
โ ๏ธ Note: the 137$ target needs weeks/months, not days.
โ ๏ธ Not investment advice
#ููุฑู
Supports and resistances: ... in order
60.61$
Resistance - previous peak (3-day timeframe)
59.46$
Immediate resistance - last peak
55.10$
Current price
53.45$
Daily EMA200 - first support
51.32$
MA50 (4-hour timeframe) - second support
47.41$
Strong support - last low
$LTC
