๐ General information:
Current price: $86.44
Max. in 24h: $87.37
Min. in 24h: $85.05
Change over 7 days: +5.81%
Change over 30 days: -8.41%
Volume in 24h: 214,117 $LTC (~18.42 million $USDT )
๐ Chart (1H timeframe):
1. Trend:
An upward momentum is visible in the last hours, after consolidation between $84โ85.
The price has exited the "sideways" movement, breaking the resistance level around $86.
2. Support and resistance:
Nearest support: $85.00โ85.20
Strong resistance: $87.30โ87.50 (the level where the correction previously started)
3. Volume:
An increase in volume is observed during the rise โ this confirms the strength of the bullish movement.
4. Candlestick analysis:
There are "bullish" candles with long bodies โ active buying.
๐งญ Weekly forecast:
If the current upward momentum continues:
๐ผ Bullish scenario:
Breaking $87.50 will pave the way to $89.00โ$90.00.
If it consolidates above $90 โ a momentum towards $92โ93 is possible.
๐ฝ Bearish scenario:
If it fails to consolidate above $87.50 โ a pullback to $85.00 is possible.
Below $85 โ the next support zone is $83.00 and $81.50.
โ Conclusion:
Short-term โ bullish momentum.
Technically attractive situation for short-term trading.
But for confident growth โ it needs to break $87.50 and stay above.
