LTC/USDT Technical Analysis ( What Halving Targets )
LTC/USDT Technical Analysis: Bearish Trends and Upside Opportunities
LTC is currently trading at $84, displaying a bearish trend. Our analysis suggests a potential downtrend continuation towards $78. Previous resistance at $100 resulted in a rejection, but key support levels offer potential upside opportunities.
If LTC holds the strong support at $78 and breaks above $100, we may witness renewed upward movement. This could lead to an upward rally towards the $140-$150 range. Traders, keep a close eye on the breakout at $100 for potential bullish momentum.
On the downside, a breakdown below $78 could trigger further declines. In such a scenario, downside targets of $60 and $50 come into play. This presents a potential long-term buying opportunity for those looking to accumulate LTC at lower prices.
Key Levels:
Support: $78, $63, $50
Resistance: $102, $150
Disclaimer: This analysis is not financial advice. Please conduct your own research before making any investment decisions.
Follow us for More Quality Analysis.
Thank you.
LTC is currently trading at $84, displaying a bearish trend. Our analysis suggests a potential downtrend continuation towards $78. Previous resistance at $100 resulted in a rejection, but key support levels offer potential upside opportunities.
If LTC holds the strong support at $78 and breaks above $100, we may witness renewed upward movement. This could lead to an upward rally towards the $140-$150 range. Traders, keep a close eye on the breakout at $100 for potential bullish momentum.
On the downside, a breakdown below $78 could trigger further declines. In such a scenario, downside targets of $60 and $50 come into play. This presents a potential long-term buying opportunity for those looking to accumulate LTC at lower prices.
Key Levels:
Support: $78, $63, $50
Resistance: $102, $150
Disclaimer: This analysis is not financial advice. Please conduct your own research before making any investment decisions.
Follow us for More Quality Analysis.
Thank you.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.