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FieryTrading
Aug 13, 2021 8:36 AM

πŸ”₯ Litecoin Crossing Important ResistanceΒ Long

Litecoin / TetherUSBinance

Description

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Litecoin is currently trading near an important resistance around $180. With the market turning around today, I'm expecting LTC to pierce this resistance today and moving towards the green area of resistance, ranging from $200-$210.

The $200 area is extremely important for LTC since it marks the first top after the capitulation late May. A minor retracement is to be expected after hitting this area of resistance.

Assuming BTC will remain trading above the 200-day SMA, the expectation is that LTC and other alts will continue to go up. A $300 LTC value is to be expected in the following months.

Happy trading!
Comments
Helical_Trades
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Great analysisπŸ”₯
financialflagship
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Professional work, keep it up. Thanks for sharing πŸ”₯πŸ”₯
Investroy
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Nicely done, keep it up
CobraVanguard
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Bravo
UnitedSignals
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I agree with your technical outlook!
VasilyTrader
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What is your SL recommendation and why?
SignalProvider
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My technical analysis shows that you are correct!
quality stuff
jojofang0901
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do agree with the possible further up move from the price as well thx
KlejdiCuni
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Keep up the good work!
Mihai_Iacob
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Great analysis!
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