I invite you to review the LTC chart in pair to USDT, so on the four-hour interval, we will mark the downtrend channel in which the price is moving with blue lines, but here we can observe that during today's review we are witnessing a strong market rebound.
Moving on, we can move on to marking the support areas when the initiated correction begins to deepen. And here, the first support that is currently holding the price is at $77.61, the second support is at $74.9, the third support is at $72.71, and we still have support at $70.46.
Looking the other way, we see that we need to go through a big strong resistance zone from $79 to $83 first, then we have resistance at $85.17 and then move towards $91.41.
Please look at the CHOP index, which indicates that a lot of energy has been collected, MACD indicates that despite the correction, we maintain a local uptrend, while the RSI after today's increase is a strong rebound.
Moving on, we can move on to marking the support areas when the initiated correction begins to deepen. And here, the first support that is currently holding the price is at $77.61, the second support is at $74.9, the third support is at $72.71, and we still have support at $70.46.
Looking the other way, we see that we need to go through a big strong resistance zone from $79 to $83 first, then we have resistance at $85.17 and then move towards $91.41.
Please look at the CHOP index, which indicates that a lot of energy has been collected, MACD indicates that despite the correction, we maintain a local uptrend, while the RSI after today's increase is a strong rebound.