SRFXGlobal
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$LTC
In my opinion, $LTC should definitely be included in your portfolio. 🚀
### Litecoin (LTC/USD) Technical Analysis
Current Chart Overview:
The daily chart for Litecoin (LTC) reveals a significant shift in price dynamics. Following a breakout below the moving average lines on February 3rd and a downward move to a low of $80, strong buying pressure has emerged, indicated by an extended candlestick tail touching this support level. This suggests that buyers are keen on defending the $80 support, while the current price action has developed a range-bound behavior above the critical $100 level.
- Anticipated Movement: If Litecoin can successfully breach the 50-day SMA, we may see the price progress towards a high of $134. Should the bulls maintain this upward momentum, a retest of the significant resistance at $135 and possibly the previous peak of $141 would become viable targets.
Target Levels:
- Short-Term Targets: 130 / 135 / 145
- Mid-Term Targets: 155 / 165 / 175
- Long-Term Targets: 185 / 200 / 225
#LTC
In my opinion, $LTC should definitely be included in your portfolio. 🚀
### Litecoin (LTC/USD) Technical Analysis
Current Chart Overview:
The daily chart for Litecoin (LTC) reveals a significant shift in price dynamics. Following a breakout below the moving average lines on February 3rd and a downward move to a low of $80, strong buying pressure has emerged, indicated by an extended candlestick tail touching this support level. This suggests that buyers are keen on defending the $80 support, while the current price action has developed a range-bound behavior above the critical $100 level.
- Anticipated Movement: If Litecoin can successfully breach the 50-day SMA, we may see the price progress towards a high of $134. Should the bulls maintain this upward momentum, a retest of the significant resistance at $135 and possibly the previous peak of $141 would become viable targets.
Target Levels:
- Short-Term Targets: 130 / 135 / 145
- Mid-Term Targets: 155 / 165 / 175
- Long-Term Targets: 185 / 200 / 225
#LTC
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