Litecoin Analysis April 12, 2025
On April 9, a significant spike was seen in the form of a long bullish candle that broke through the resistance and MA200. After that, the candlestick pattern showed several small pullbacks followed by sideways consolidation. On the right side of the chart, a small, narrowing candlestick is seen, which often indicates market uncertainty. There is no solid bearish reversal pattern yet, but the bullish signal is also not very convincing without confirmation of a breakout from the resistance level. Strong support: At the level of 71.50 - 72.00, which is the accumulation area before the price spike. Trading recommendation Buy when the price corrects to the area of 74.50-74.00, with confirmation of a bounce from the MA and a bullish candlestick as an entry.