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Ltcusdtlong

LTC/USDT : Bullish Reversal Ahead Amid LTC Halving Narrative ? In this LTC/USDT technical analysis, we explore a potential bullish reversal for Litecoin against the US Dollar Tether (USDT). As the price hovers around the buying area of 85 - 86, we anticipate a bounce towards 92 - 94. Additionally, the LTC halving narrative provides a bullish implication for the cryptocurrency's future. Let's delve into the key technical indicators and chart patterns. Considering the current market sentiment, there is a strong likelihood of LTC experiencing a bullish bounce in the near term. Our analysis suggests that once the price finds support at the buying area, a possible rally could take LTC towards the resistance zone of 92 - 94. It is important to monitor the price action closely to confirm the upward momentum before entering any long positions. Adding to the positive outlook is the LTC halving narrative, which has historically had a bullish implication on the cryptocurrency's price. LTC halving occurs approximately every four years and results in a reduction of block rewards for miners, decreasing the new LTC supply entering the market. As demand continues to grow, this limited supply could drive the price higher in the long run.
Long
by Un_trade
💡Don't miss the great buy opportunity in LTCUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (185.9). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 58. Take Profits: TP1= @ 195.5 TP2= @ 207.5 TP3= @ 219.7 TP4= @ 232.1 TP5= @ 248.1 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
6
💡Don't miss the great buy opportunity in LTCUSDTTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (173.10). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LTCUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 188.91 TP2= @ 208.91 TP3= @ 232.29 TP4= @ 247.44 TP5= @ 263.57 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5