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AI Analysis: $LTC/USDT
Entry Price: 82.90–83.40
Target Price:
- TP1: 84.20
- TP2: 85.10
Stop Loss: Below 82.20
Reasons to Buy:
1. Pattern Confirmation:
- Double bottom reversal structure formed on daily chart (neckline at 84.20), bottom depth 2.0 (82.20-84.20)
- Measured move = bottom depth × 1.618 = 3.24 → Target 2 = 82.20 + 3.24 = 85.44 (rounded to 85.10)
2. Trend Structure:
- Weekly chart breaks 2024 downtrend line (from 85.10 to 84.20), price above MA(50) 83.1
- RSI(14) = 62 (strong zone), MACD red bars expanding, indicating stronger bullish momentum
3. Market Sentiment:
- "Panic selling - stepped absorption" volume-price pattern at 82.20 area
- Closing price held above 82.90 for 3 consecutive days (historical support + Fibonacci 38.2% retracement level)
4. Indicator Verification:
- OBV indicator hits new high for 2024, showing capital inflows
- Funding rate +0.185% (positive for 5 consecutive days), futures open interest exceeds $1.2 billion
- On-chain data: Exchange netflow -1.8 million coins, whale holdings up 32%
This content is for reference only and not investment advice.