Bullish Momentum Strengthens as Litecoin Eyes $145 and $230 Targets

Litecoin (LTC/USDT) Market Analysis  

Date of Analysis: January 30, 2025 

Chart Period: 1D (Daily Timeframe) 

Title: Bullish Momentum Strengthens as Litecoin Eyes $145 and $230 Targets 

Strategic Scenario (6 to 12 Months) 

Litecoin (LTC) remains in a strong long-term bullish trend, with strategic resistance set at $230.00, aligning with the final Elliott Wave target. The long-term outlook remains positive as moving averages and RSI continue supporting upward momentum. Strategic support is positioned at $60.00, serving as the long-term safety net for price corrections. 

Tactical Scenario (1 to 3 Months) 

LTC has maintained bullish momentum above the pivot support at $92.00, confirming continued upside pressure. Tactical resistance at $145.00 serves as the next immediate target, with a potential retracement zone at $92.00 and $73.00 offering buying opportunities before further continuation toward $230.00. 

Alternative Scenario 

If Litecoin closes below $92.00 on a daily basis, short-term bullish momentum would be invalidated, exposing the price to a retest of $73.00. However, as long as $92.00 holds, the bullish scenario remains intact with targets of $145.00 and $230.00. 

Technical Key Elements 

• RSI Indicator: 58.30 (Bullish, above 50%) 

• Moving Averages: EMA 21 ($116.23), EMA 55 ($110.38), EMA 89 ($104.39) – All providing dynamic support 

• Fibonacci Levels: Tactical Support at $92.00, Tactical Resistance at $145.00 

• Elliott Wave Analysis: LTC is in Wave (v) of Cycle (C), targeting $230.00 as the final impulse wave target 

Trade Idea Conclusion 

🎯 Buy Strategy: 

• Buy on pullbacks above $92.00, targeting $145.00 and then $230.00 

• Stop-Loss: Below $92.00 (Daily Close) 

🚨 Alternative Sell Strategy: 

• If LTC closes below $92.00, look for short-term downside targets at $73.00 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

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