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Litecoin has recently shown clear signs of a reversal. After rebounding from a low of $72.64, the current price has stabilized around $78.1. The 6-hour candlestick chart has effectively broken through the long-term downtrend line, and the technical indicators are gradually revealing a positive momentum.
From the indicator performance, MACD remains in a golden cross and continues to expand, while RSI(14) is at 55.98, indicating that the bullish momentum is steadily increasing. This signal, combined with the completion of a bottoming pattern, suggests that the upward potential has been fully unlocked.
For subsequent trading strategies, there are two approaches: aggressive traders can participate in long positions at the current price, closely following the breakout trend; more conservative players may choose to build positions in batches around $75, waiting for a pullback to buy low.
Regarding targets, the first target is set at $85 (potential profit of over 8%), with the ultimate target at $90 (the core goal of this breakout, with a profit potential of over 15%). For risk management, if the price falls below $72, the recent rebound low, it is recommended to cut losses decisively to avoid a correction.
This round of rebound and the main upward wave are indeed worth paying attention to, as each breakout in Litecoin may contain opportunities.