📊 Analysis and monitoring of currency $LTC (Litecoin)
Entry from current price: 76.3
🎯 Target one: 80.5
🎯 Target two: 85
🎯 Target three: 90
⛔ Stop loss: 71.5
Let's talk a bit about the currency
Litecoin is one of the oldest currencies in the market and it still maintains its presence. It is characterized by fast transactions and low fees, and is used as a real payment currency. Whenever there is calm in the market, it usually starts to move again in phases.
📈 Technical indicators
The RSI indicator is close to oversold areas and is giving a signal for gradual improvement.
The MACD indicator has started to reduce negativity and there is a possibility of positive crossover.
The moving averages indicator shows that the price is close to it, and this is an important follow-up point.
💡 Advice
Entry should be gradual and not with the entire capital, and managing the trade is more important than achieving quick targets.
⚠️ Warning
The analysis is a personal endeavor and not a recommendation to buy or sell. The market is volatile and your decision should be based on your conviction and risk management.
