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Litecoin
Long

Litecoin Faces Resistance but Momentum Still Strong

242
A slight pullback in LTC is observed at highs as it faces resistance from the upper bound of the KRI. Both momentum indicators are positive indicating momentum is strong despite some pullback. We have strong levels of support at $102, $100, and if we face a major pullback, at $89 and $87. Good profit targets include Fibonacci Extensions and Nested Fibonacci Extensions at $130, and $138.50.

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altcoinsBitcoin (Cryptocurrency)blockchainChart PatternscryptocurrenciescryptosTechnical IndicatorskovachLitecoin (Cryptocurrency)LTCLTCUSDTrend Analysis

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altcoinsBitcoin (Cryptocurrency)blockchainChart PatternscryptocurrenciescryptosTechnical IndicatorskovachLitecoin (Cryptocurrency)LTCLTCUSDTrend Analysis
quantguy
Join my discord at discord.io/quantguy
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.