LTC Global analysis
The main levels:
142.60 - global resistance.
98.92 - strong resistance.
66.41 - local resistance, which we can break through with an impulse and then rush back under it, but growth needs to be fixed above it.
57.22 - local support, with consolidation, there may be a slight consolidation above the level, after going to 66.87.
47.69 - local support, now we are moving around this level, in order to gain a foothold above it and break through the trend line for growth. But if we go below, we will catch local support levels. (intraday).
22.73 - global support and a minimum of coins. A trip there is unlikely, but when going there, most likely many will buy up large volumes.
What to expect?
The next few days I would like to see a consolidation above 47.69, after which there will be an increase to 57.30. We’ll already look from there, as the MA14 and MA28 are moving down, showing a downtrend, perhaps a hike to 57.22 (there will be a corridor between the MA14 and MA28 near this level) will be a sell signal for many, but if the volume is more than average, we can quite easily break through the level and gain a foothold over it that after will contribute to further growth. Also, for growth, it would be nice to break the trend, which will only strengthen the signal for growth.
But if it fails to gain a foothold over 47.69, then let's go lower, update daily lows, for many, the significant level of support will be 42.30, if there is a rollback there. After that, if we see consolidation above the level, then we can declare growth, if we go lower, we will accordingly search for intraday support levels.
Also, the CCI broke through the level of -100, which signals a small retest.
142.60 - global resistance.
98.92 - strong resistance.
66.41 - local resistance, which we can break through with an impulse and then rush back under it, but growth needs to be fixed above it.
57.22 - local support, with consolidation, there may be a slight consolidation above the level, after going to 66.87.
47.69 - local support, now we are moving around this level, in order to gain a foothold above it and break through the trend line for growth. But if we go below, we will catch local support levels. (intraday).
22.73 - global support and a minimum of coins. A trip there is unlikely, but when going there, most likely many will buy up large volumes.
What to expect?
The next few days I would like to see a consolidation above 47.69, after which there will be an increase to 57.30. We’ll already look from there, as the MA14 and MA28 are moving down, showing a downtrend, perhaps a hike to 57.22 (there will be a corridor between the MA14 and MA28 near this level) will be a sell signal for many, but if the volume is more than average, we can quite easily break through the level and gain a foothold over it that after will contribute to further growth. Also, for growth, it would be nice to break the trend, which will only strengthen the signal for growth.
But if it fails to gain a foothold over 47.69, then let's go lower, update daily lows, for many, the significant level of support will be 42.30, if there is a rollback there. After that, if we see consolidation above the level, then we can declare growth, if we go lower, we will accordingly search for intraday support levels.
Also, the CCI broke through the level of -100, which signals a small retest.
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