LTC gets a strong rebound
2024-12-11
Category: None

Hello everyone, I invite you to review the LTC pair to USDT chart, looking at the one-day interval.       

As we can see, the price moved dynamically from the downward trend line, but here we can also see a sharp return near the trend, as well as a drop to a very strong support zone from $107 to $96, if the zone does not maintain the price, we will be able to observe an equally rapid decline  to support at $83.    

Here it is worth looking at the place where the price made a quick change in direction, as you can see, we bounced off the strong resistance zone from $142 to $152, only the exit from this zone can give positive energy for an upward movement towards the second resistance zone from $200  up to $214.     

It is worth looking at the RSI indicator, which shows how the downward movement resulted in a rebound close to the support line, which leaves room for a new future price increase.