Will LTC price End Falling Trend To Reach $70
Falling Trend: LTC price action is under the influence of the 50-day EMA, indicating a bearish trend.
Death Cross: A death cross in the daily chart adds momentum to the downtrend.
Critical Levels: LTC is trading sideways between $60 and $72.
Current Price: LTC is trading at $60.77, with an intraday growth of 0.91%.
Bearish Pressure: Multiple failed attempts to break above $72 show strong bearish pressure.
Long-Wick Candle: A recent long-wick candle taking rejection from the 50-day EMA marks a new negative cycle.
RSI Indicator: The RSI line trends sideways under the 14-day SMA, showing no signs of divergence.
EMA: The 50-day EMA acts as dynamic resistance, limiting bullish growth.
Bullish Torch: Despite strong resistance, LTC price prediction remains optimistic for the coming months.
Reversal Chances: The chances of a reversal above the $60 support zone are slim.
Optimistic Scenario: A breakout above the 50-day EMA could lead to a move towards $70 and potentially $100.
Pessimistic Scenario: If LTC fails to hold above $60, it could test the $50 support level.
Death Cross: A death cross in the daily chart adds momentum to the downtrend.
Critical Levels: LTC is trading sideways between $60 and $72.
Current Price: LTC is trading at $60.77, with an intraday growth of 0.91%.
Bearish Pressure: Multiple failed attempts to break above $72 show strong bearish pressure.
Long-Wick Candle: A recent long-wick candle taking rejection from the 50-day EMA marks a new negative cycle.
RSI Indicator: The RSI line trends sideways under the 14-day SMA, showing no signs of divergence.
EMA: The 50-day EMA acts as dynamic resistance, limiting bullish growth.
Bullish Torch: Despite strong resistance, LTC price prediction remains optimistic for the coming months.
Reversal Chances: The chances of a reversal above the $60 support zone are slim.
Optimistic Scenario: A breakout above the 50-day EMA could lead to a move towards $70 and potentially $100.
Pessimistic Scenario: If LTC fails to hold above $60, it could test the $50 support level.