Hello everyone, let's take a look at the LTC to USDT chart on a one-day time frame. As you can see, the price had a dynamic decline and a temporary descent below the upward trend line, but has now returned to the trend line level.
Let's start by determining the support line and as you can see, the price dropped and quickly returned to support around the level of $77.74, then there is an important support level at $68, and then a very strong support level at $56.
Looking the other way, you can see how strong the resistance level is again at $92.5, which may stop the price from rising again to the resistance zone from $102.5 to $115.
Looking at the RSI indicator, we can see how we remain in a downward trend and the confirmation of a return to the downward trend, while the STOCH indicator bounced off the lower end of the range with room to give a greater increase in the current price rebound.
Let's start by determining the support line and as you can see, the price dropped and quickly returned to support around the level of $77.74, then there is an important support level at $68, and then a very strong support level at $56.
Looking the other way, you can see how strong the resistance level is again at $92.5, which may stop the price from rising again to the resistance zone from $102.5 to $115.
Looking at the RSI indicator, we can see how we remain in a downward trend and the confirmation of a return to the downward trend, while the STOCH indicator bounced off the lower end of the range with room to give a greater increase in the current price rebound.