Inverted Head & Shoulders: LTC shows a potential inverted head and shoulder pattern with a neckline at $68. 50-day EMA: The uptrend faces resistance from the 50-day EMA. Potential 40% Jump: A breakout above $68 could lead to a 40% jump to $100. Death Cross: A sharp correction from $114 to $57 led to a death cross in the daily chart. Current Price: LTC is trading at $65.41 with an intraday growth of 0.93%. Morning Star Pattern: LTC aims to form a morning star pattern for a bullish reversal. Uptober Season: The overall market sentiment is bullish as we enter Uptober. DMI Indicator: The ADX line is on a downward trend, indicating low momentum. Bullish DI Lines: A bullish turnaround in the DI lines suggests a high probability of an upside breakout. Critical EMA: Rising above the 50-day EMA is crucial for LTC's recovery rally. Bullish Scenario: A breakout will challenge the $70 mark before aiming for $100. Bearish Scenario: A downtrend could break the $60 level and test support at $50.
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