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LTC/USDT 1-Day Candle Analysis (English):

Current Price:

Litecoin (LTC) is trading at $113.73 as of January 7, 2025.

Technical Analysis (1-Day Timeframe):

1. Support Levels:

$111.80 (strong support zone)

$110.00 (secondary support)

2. Resistance Levels:

$116.82 (current resistance zone)

$120.00 (key psychological barrier)

3. Indicators:

Moving Averages:

50-Day MA: $115.00 (near the price, showing indecision)

200-Day MA: $120.00 (acting as a long-term resistance)

RSI:

Around 50, indicating a neutral zone with neither oversold nor overbought conditions.

MACD:

A bearish crossover, signaling potential downward movement.

4. Signal Suggestion:

Buy Signal: If LTC breaks above $116.82 with strong volume, consider entering a long position targeting $120.

Sell Signal: If LTC falls below $111.80, it may drop further to $110 or below.