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Litecoin Faces Resistance but Momentum Still Strong

Long
Litecoin (BITFINEX:LTCUSD)  
quantguy  
BITFINEX:LTCUSD   Litecoin
Trend Analysis Chart Patterns Technical Indicators Litecoin (Cryptocurrency) LTCUSD altcoins cryptocurrencies cryptos Bitcoin (Cryptocurrency) kovach blockchain LTC
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trendanalysis chartpattern indicator litecoin ltcusd altcoins cryptocurrencies cryptos bitcoin kovach blockchain ltc
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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