LTCUSDT has demonstrated resilience, with recent fluctuations bringing it closer to key support at $136.74. The EMA indicators show a steady upward trend, reflecting short-term bullish momentum. However, as the MACD histogram narrows, traders should watch for a potential consolidation phase. The RSI, recently descending from overbought levels, signals that bullish pressure might be waning, making $123.42 and $117.85 crucial supports to monitor for potential reversals.For long positions, a bounce from $123.42 with a confirmed bullish MACD crossover could serve as an entry point, while exits near $137.25 or $138.62 would maximize gains. For short trades, a break below $116.54 might offer opportunities, with a downside target near $123.42.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.