LTCUSDT 1H
With ascending tops and ascending bottoms, LTc starts a discreet upward channel, in search of the MM200 at 91.54, however there may be a retreat due to the next week where unemployment or CPI data will be released next week, but, from the point of view technician, LTC is looking for the MM200
LTC halving is planned for July 2023, in previous halving cycles, there was a run before the event, it could happen again
Based on the chart, an entry around 85.54 is interesting. This is a strong support area that could be tested and pull back.
Here are the supports and resistances in the 1H timeframe:
Brackets 89.83 / 89.03
Resistances: 60.82 / 91.54
MM200: 91.54
RSI: Exhaustion of Buying Forces
MACD: Buyer
With ascending tops and ascending bottoms, LTc starts a discreet upward channel, in search of the MM200 at 91.54, however there may be a retreat due to the next week where unemployment or CPI data will be released next week, but, from the point of view technician, LTC is looking for the MM200
LTC halving is planned for July 2023, in previous halving cycles, there was a run before the event, it could happen again
Based on the chart, an entry around 85.54 is interesting. This is a strong support area that could be tested and pull back.
Here are the supports and resistances in the 1H timeframe:
Brackets 89.83 / 89.03
Resistances: 60.82 / 91.54
MM200: 91.54
RSI: Exhaustion of Buying Forces
MACD: Buyer