Will LTC Sustain Above $60?Falling Trend: LTC is under the influence of the 50-day EMA.
Death Cross: A death cross in the daily chart indicates bearish momentum.
Psychological Mark: A drop below $60 could lead LTC to $50.
Bearish Pressure: LTC has experienced a 44% downfall before entering a sideways track.
Crucial Zones: LTC is trapped between $60 and $72.
Inverted H&S Nullified: Rejection from the 50-day EMA nullifies the inverted head and shoulder pattern.
10% Drop: LTC has fallen 10% in the last 10 days.
Today's Price: LTC is trading at $61.33 with a 0.38% intraday growth.
Morning Star: A potential morning star pattern could signal a bullish reversal.
RSI Status: The daily RSI is nearing the oversold boundary.
Dynamic Resistance: The 50-day EMA acts as a barrier to bullish growth.
Bullish Viewpoint: Despite the bearish trend, there's a bullish outlook for the coming months.