LTC/USDT – 1H Technical Analysis
Trend: Price is trading inside a descending channel, indicating a short-term bearish structure.
Price Action: Currently near the midline of the channel (~52.9). Recent bounce from lower boundary suggests minor bullish reaction, but trend remains downward.
Resistance: 53.8 – 55.0 (upper channel zone)
Support: 51.5 – 50.0 (lower channel zone)
RSI (14): Around 56 → mild bullish momentum, but still within neutral range and not a breakout signal yet.
Bias:
Short-term: Range-bound / slight bearish
Bullish case only if price breaks and holds above channel resistance.
Bearish continuation likely if price rejects near 54–55 and falls below 51.5.
LTC
52.36
-0.75%