$LTC
LTC/USDT- honestly this is the level i was waiting for
Price now $54.98, -0.69% today. 24h high $56.13 low $54.58
Look guys on 1h chart it made a top at $59.85 and then that big red candle dumped straight to $52.84. that was a proper shakeout. volume also spiked a lot that time, 177k LTC.
Now see my lines, green lines around $56.80 and $57.80 was support before, now that is acting as resistance. price could not break it again.
But main thing is this red line at $54.03. price is just above it at $54.98. last time it wicked to $52.84 but closed above this red line. so buyers are still defending it.
RSI(6) is 42.60, not oversold, not overbought. neutral zone. means if $54.03 holds, we can see a small bounce to $55.50 - $56 again.
I personally think if ltc holds $54.03, long opportunity is good with tight sl below $53.90. break below then risk is more.
in my opinion it will hit green line /TP.
Just my view, not financial advice.
#LTC #USDT #CryptoAnalysis
LTC/USDT- honestly this is the level i was waiting for
Price now $54.98, -0.69% today. 24h high $56.13 low $54.58
Look guys on 1h chart it made a top at $59.85 and then that big red candle dumped straight to $52.84. that was a proper shakeout. volume also spiked a lot that time, 177k LTC.
Now see my lines, green lines around $56.80 and $57.80 was support before, now that is acting as resistance. price could not break it again.
But main thing is this red line at $54.03. price is just above it at $54.98. last time it wicked to $52.84 but closed above this red line. so buyers are still defending it.
RSI(6) is 42.60, not oversold, not overbought. neutral zone. means if $54.03 holds, we can see a small bounce to $55.50 - $56 again.
I personally think if ltc holds $54.03, long opportunity is good with tight sl below $53.90. break below then risk is more.
in my opinion it will hit green line /TP.
Just my view, not financial advice.
#LTC #USDT #CryptoAnalysis
