$LIGHT Price Action Analysis
General Trend: The currency is in a very strong uptrend (+62.71%), as we observe a series of large green candles breaking through previous resistance levels.
Current Situation: The price is now at 3.6314. There is a long upper "wick" in the last candle, indicating selling pressure or "profit-taking" at levels close to 3.90.
2. Technical Indicators
RSI Indicator (Relative Strength Index): Values are hovering around 65. This means that the currency is approaching the "overbought" area but has not entered it strongly yet. Typically, a value above 70 is the alert for the beginning of a correction.
MACD Indicator: We observe a positive crossover and the beginning of green bars appearing above the zero line, supporting the continuation of the upward momentum in the very short term, but caution is advised regarding fluctuations in small "timeframes".
