The post LTC Technical Analysis Feb 3 appeared on BitcoinEthereumNews.com.

LTC shows a 4% rise within the downtrend, but RSI at 27.90 is in the oversold region and giving a bearish Supertrend signal. Investors should prioritize capital protection with tight stop loss levels in this high volatility environment and be prepared for bearish targets ($39). Market Volatility and Risk Environment LTC’s current price is at $59.57, trading in the $56.51-$61.17 daily range with a 4.05% increase over the last 24 hours. This indicates about 8% volatility, which is standard fluctuation in crypto markets but carries high risk for sudden pullbacks in the downtrend context. Despite being in the oversold (over sold) region with RSI 27.90, remaining below EMA20 ($67.16) sustains short-term bearish pressure. The Supertrend indicator is bearish and positioned at resistance $71.09. 12 strong levels were identified across multiple timeframes (1D/3D/1W): 2 supports/2 resistances on 1D, 1 support/4 resistances on 3D, 2 supports/3 resistances on 1W. This distribution shows more obstacles on the upside, emphasizing that upward movements may remain limited. Volume at $243.69M is reasonable but may be insufficient for a trend reversal. The overall risk environment is high due to downtrend dominance despite oversold conditions; sharp corrections should be expected after sudden spikes. Based on ATR (Average True Range), daily volatility is estimated at around $4-5, so positions should be adjusted accordingly. Risk/Reward Ratio Assessment Potential Reward: Target Levels In a bullish scenario, the $82.38 target (score:13) offers 38.3% potential return from the current price. This level may be possible by breaking strong resistances ($61.14 and $63.68), but the downtrend and bearish indicators make this probability low. Short-term first target could extend to $71 (Supertrend resistance) by breaking $63.68, but MTF resistance abundance increases the risk of limited reward. Potential Risk: Stop Levels Bearish target $39.03 (score:22) carries 34.5% downside risk from the current price, which is…

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Filed under: News - @ February 3, 2026 6:29 am