At the moment, Litecoin trades round $126, with the following main Fibonacci retracement resistance at $178.
Nevertheless, primarily based on the bull pennant’s measured transfer, LTC might surge towards $260, aligning with the 0.618 Fibonacci degree—a key psychological and technical resistance zone.
Bullish technical indicators assist this breakout, together with worth stability above the 50-week and 200-week exponential shifting averages (EMAs), each of which have acted as dynamic assist.
In the meantime, the Relative Energy Index (RSI) is above 63, suggesting bullish momentum with out coming into overbought situations.
If LTC sustains this breakout and confirms assist above the pennant’s higher trendline, additional upside might speed up towards its projected targets. Conversely, failure to maintain above $125 might danger a retest of decrease assist ranges earlier than any additional upside.
Cardano (ADA) Technical Evaluation
ADA/USD 4-Hour Worth Chart Evaluation — Cardano Can Hit $1 Due to BARR Backside Sample
Cardano seems to be within the early breakout stage of a Bump-and-Run Reversal (BARR) Backside sample, a traditional bullish reversal formation.
The cryptocurrency has accomplished the lead-in part, throughout which ADA steadily declined below a downward-sloping trendline, adopted by a pointy drop that marked the bump part.
