๐ฅ LITECOIN ($LTC): THE BULLISH STRUCTURE STRENGTHENS ๐โก
LTC reaches $71.17, up 2.39% in 24H, while interesting accumulation and technical momentum signals appear.
๐ 1H STRUCTURE
EMA 7: $70.87
EMA 25: $70.29
EMA 99: $69.38
๐ EMA 7 > EMA 25 > EMA 99 = bullish structure.
The MACD remains positive (+0.08) and the price managed to break above the $71.10 resistance.
๐ฐ CAPITAL ENTERING During the breakout hours, net inflows exceeded $3.5M, a sign of supply absorption.
๐ ACCUMULATION More than 12.3% of LTC is held by wallets that have not moved their coins for 7+ years. Less LTC in circulation means potentially a smaller float.
๐ฏ KEY LEVELS
๐ก๏ธ $70.30 โ immediate support
โ๏ธ $71.60 โ resistance
โ๏ธ $71.90 โ recent high
๐ฅ Breaking above $71.90 with volume could open a new expansion phase.
โ ๏ธ RSI(6) at 71.54: there is intraday overbought conditions, so a pullback toward $70.30 is perfectly possible without breaking the bullish structure.
๐ The battle is now at $72. If LTC turns this resistance into support, the scenario could change quickly.
๐ LTC is building. Now we need to see if it confirms the breakout.
#LTC #Litecoin #Crypto #BinanceSquare #Altcoins
LTC reaches $71.17, up 2.39% in 24H, while interesting accumulation and technical momentum signals appear.
๐ 1H STRUCTURE
EMA 7: $70.87
EMA 25: $70.29
EMA 99: $69.38
๐ EMA 7 > EMA 25 > EMA 99 = bullish structure.
The MACD remains positive (+0.08) and the price managed to break above the $71.10 resistance.
๐ฐ CAPITAL ENTERING During the breakout hours, net inflows exceeded $3.5M, a sign of supply absorption.
๐ ACCUMULATION More than 12.3% of LTC is held by wallets that have not moved their coins for 7+ years. Less LTC in circulation means potentially a smaller float.
๐ฏ KEY LEVELS
๐ก๏ธ $70.30 โ immediate support
โ๏ธ $71.60 โ resistance
โ๏ธ $71.90 โ recent high
๐ฅ Breaking above $71.90 with volume could open a new expansion phase.
โ ๏ธ RSI(6) at 71.54: there is intraday overbought conditions, so a pullback toward $70.30 is perfectly possible without breaking the bullish structure.
๐ The battle is now at $72. If LTC turns this resistance into support, the scenario could change quickly.
๐ LTC is building. Now we need to see if it confirms the breakout.
#LTC #Litecoin #Crypto #BinanceSquare #Altcoins
