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Technical analysis by cryptodailyuk about Symbol LTC on 5/28/2025

https://sahmeto.com/message/3561106
cryptodailyuk
cryptodailyuk
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Hello everyone, let's look at the 4H LTC to USDT chart, in this situation we can see how the price is moving in a specific yellow triangle, in which we can see an attempt to exit from the bottom. On the other hand, the blue lines mark the main channel of the downtrend and here we can see how the price is fighting with its upper limit, but it is a strong resistance.Let's start by defining the goals for the near future that the price has to face:T1 = 101 USDT2 = 111 USDТ3 = 124 USDТ4 = 147 USDNow let's move on to the stop-loss in case the market continues to fall:SL1 = 90 USDSL2 = 80 USDSL3 = 63 USDThe RSI indicator shows a rebound, but the movement remains around the middle of the range, which further leaves room for a potential deepening of the rebound.

Translated from: English
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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$94.34
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