$LTC At the moment, its price is $50.59.
In the last 24 hours, it has fallen by 2.22%.
Long term: Despite the drop, the structure remains bullish and strong above $46.90. That floor is key!
In the short term, it’s clear that we need support in the lower area, since as days go by the movement is descending and showing weakness. Therefore, the $46.90 zone has been considered the main level.
Key zones:
Support line: It is located in the $46.90 zone. If it retraces back to this level, this price would be a good entry option.
Resistance line: It lies between $55.50 and $54.85. Undoubtedly, this block became a hard ceiling.
In the last 24 hours, it has fallen by 2.22%.
Long term: Despite the drop, the structure remains bullish and strong above $46.90. That floor is key!
In the short term, it’s clear that we need support in the lower area, since as days go by the movement is descending and showing weakness. Therefore, the $46.90 zone has been considered the main level.
Key zones:
Support line: It is located in the $46.90 zone. If it retraces back to this level, this price would be a good entry option.
Resistance line: It lies between $55.50 and $54.85. Undoubtedly, this block became a hard ceiling.