Litecoin accompanied the broader coin market lower, losing its robustness following the LitePay controversy. However, the crypto kept above the February low and is heading higher throughout the latest bounce and hopefully to our sell level. We still anticipate the coin to lead the crypto segment in the next upswing, after fulfilling its T/P destiny. The bearish signal remains intact. Sell at $134.50, Stop at 162.00 while T/P is at $91.00.
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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.