I invite you to review the LTC/USDT chart. Starting with the blue lines marking the upward trend channel from which the price broke down, but locally you can see a sideways exit from the yellow downward trend line.
In order to determine support for the price, we will use the Fib Retracement tool and thanks to it we can see that the price is struggling to climb out of the strong support zone from $68.86 to $56.22. If the current zone did not support the price, we could see a decline to the area support at $40.26.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the first significant resistance is at $78.72, and then we have a strong resistance zone from $92.60 to $102.46.
The CHOP index indicates that there is still some energy left for the move, the RSI indicator has a slight recovery and there is room for the price to go a little higher, when we look at the STOCH indicator we see that it has exceeded the upper limit, which influenced the recovery, but in combination with the RSI indicator it may be slight recovery and another increase in the LTC price.
In order to determine support for the price, we will use the Fib Retracement tool and thanks to it we can see that the price is struggling to climb out of the strong support zone from $68.86 to $56.22. If the current zone did not support the price, we could see a decline to the area support at $40.26.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the first significant resistance is at $78.72, and then we have a strong resistance zone from $92.60 to $102.46.
The CHOP index indicates that there is still some energy left for the move, the RSI indicator has a slight recovery and there is room for the price to go a little higher, when we look at the STOCH indicator we see that it has exceeded the upper limit, which influenced the recovery, but in combination with the RSI indicator it may be slight recovery and another increase in the LTC price.