📊 $LTC Analysis: Reclaiming Critical Support
Litecoin (LTC) is showing signs of a bullish reversal after a deep correction to $65.27. The price has successfully reclaimed the EMA(7) and EMA(25) crossover zone at $68.87, signaling renewed buyer interest.
📈 Long Setup (Trend Reversal):
Entry Range: $68.50 – $69.40 (Look for a 4H candle hold above the current level).
Momentum: RSI(6) is at 62.78, showing healthy bullish strength with more room to run before becoming overbought.
Targets: T1: $73.50 | T2: $76.00 | T3: $80.92 (Previous local high).
Stop Loss: $64.80 (Set below the recent swing low).
📉 Short Setup (Rejection):
Entry Zone: $72.00 – $73.00 (Near the EMA 99 resistance level).
Targets: $68.50, $65.50.
Stop Loss: Above $75.00.
Market Insight: While sentiment is at 34 (Fear), large-cap assets like LTC are often the first to show stabilization signs. Always use proper risk management! 🛡️
