🧭 Currency: LTC/U

Current price: around 99.89

Time frame: 4 hours

🔹 Moving Averages (MA):

MA(7) = 101.55 (short-term)

MA(25) = 103.60 (medium-term)

MA(99) = 96.83 (long-term)

📉 We observe that:

The price is currently below MA(7) and MA(25) → Short-term bearish signal.

But it is above MA(99) → The overall trend is still bullish in the medium term, unless the level of 96.8 is clearly broken.🔹📉 .

3️⃣ Stoch RSI = 0.73 / MASTOCH RSI = 0.86

Close to zero → Very strong oversold.

🔹 A corrective bounce might happen soon, but it needs a confirmation candle (reversal).

4️⃣ Trading volume (Vol):

A clear decline after the recent rise.

📉 Weak buying momentum, which means that buyers are currently inactive.

96.8 – 97.0 Strong support (MA99 + previous bottom)

99.8 – 100.0 Immediate resistance (current price)

103.5 – 104.0 Medium resistance (MA25)

📊 Possible scenarios:

1. Positive scenario (bounce):

If the price holds above 96.8 and RSI starts

Negative scenario (continuation of the drop):

If it closes below 96.8 → Probability of dropping to 92.9 or even 85.5.

🔹 My technical opinion now:

Potential buying zone: 96.8 ±1 (cautiously + confirmation of reversal candle)

Stop loss: below 95.5

First target: 103.6

Second target: 107.9