๐ Technical $LTC bounced from $91.24 to $95.80. MACD formed a bullish crossover, and EMA7 rose above EMA25, indicating a short-term upward momentum. Meanwhile, RSI(6) climbed to 79.55 โ overbought zone and a signal of a possible local pullback.
๐ฆ Fundamental factors: A large purchase of 929 548 $LTC by LITS and inflows into the ETF of $7.26 million strengthen confidence from institutional investors.
โ ๏ธ Risks: Volatility remains elevated (ATR 1.566), and the level of $135 has been a strong resistance for three years following the halving.
๐ง Comment from Cryptousdua: As long as $LTC
LTC
53.73
-1.01%
is held in the range of $93โ96, a moderately bullish bias remains. However, high overbought levels require caution.