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.
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Blockwatcher9000
· 12h ago
The golden cross with a break below and increased volume, this wave of Litecoin is quite interesting. Let's see if it stabilizes around $85.
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GasFeeBeggar
· 12h ago
Can 85 yuan hold it? Feels a bit uncertain this time.
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OnChainArchaeologist
· 12h ago
Didn't even manage to buy at the low of 72, chasing the high now really takes courage... But indeed, the MACD has a golden cross, let's see if 85 can hold.
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MEVHunterWang
· 12h ago
LTC looks good this time, but I still think 85 is more realistic; 90 is a bit greedy.
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.