Litecoin / TetherUS
Largo

#LTC/USDT

157
#LTC

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We are seeing a bounce from the lower boundary of the descending channel, which is support at 92.48.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.

We are looking for stability above the 100 moving average.

Entry price: 97.44
First target: 100.24
Second target: 102.45
Third target: 105.26

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