🚀 $LTC — Bounce from support: preparing for a new impulse
Timeframe: 1H
Litecoin has entered a healthy correction after rising to $79.49. The price has pulled back to the strong support zone of $76–77, where selling pressure is weakening. Oscillators indicate a possible reversal upwards — the market is ready for a bounce.
📊 Brief on indicators
EMA 21/50/99: 77.53 / 77.38 / 77.31 — price is close, balance phase
MACD: -0.18, histogram is narrowing — bearish impulse is fading
RSI(14): 45.66 — neutral, there is room for growth
Stoch RSI: 17.33 — oversold, signal for a bounce
Volume: no panic, sellers are not dominating
🎯 Main scenario: LONG
Trading from support within an upward impulse.
💰 Trading plan:
➡️ Entry: $76.80–77.00 (aggressive)
Alternative: breakout + retest $77.50–78.00
⛔️ Stop-loss: $75.50 (risk ~2–3%)
🎯 Targets:
1️⃣ $79.00 → +2.6%
2️⃣ $80.00 → +3.9%
3️⃣ $82.00 → +6.5%
🧠 Conclusion
The correction remains controlled, support is holding, indicators hint at a reversal. If the level of $76–77 is maintained, the priority is buying. A breakout below $75.50 cancels the scenario and opens the way lower.
Spot trading 👉$LTC
Futures 👇
