🚨 Technical analysis for the currency $LTC | Daily frame

🔹 Current price: 74.5 USDT

– The general trend is downward in the medium term with continued formation of lower highs and lows.

– The price is currently trading above a strong demand zone around 70 – 60.

– The current movement is considered a weak upward consolidation/correction after a downward wave.

– The daily RSI indicator is fluctuating and below strength levels → the upward momentum needs clear confirmation.

🔼 Positive scenario (rise):

In case of holding above 72 and breaking above 85

🎯 90 – 100 – 110

🔽 Negative scenario (drop):

In case of breaking 70 with a daily close

❌ 65 – 60 – 55

📌 Note: Any rise without a clear breakout is considered a correction within a downward trend.

⚠️ Disclaimer: This analysis is for educational purposes only and does not represent financial advice.