#LTC looks so awesome here to buy 105/120
### 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
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
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Disclaimer
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👇 Telegram
t.me/SRFXGlobal
👇 YouTube
youtube.com/@srfxglobalsl?si=hbM2z2PURtIHCQvz
👇 X
x.com/SRFL1111
👇 Facebook
web.facebook.com/Friendship0002
t.me/SRFXGlobal
👇 YouTube
youtube.com/@srfxglobalsl?si=hbM2z2PURtIHCQvz
👇 X
x.com/SRFL1111
web.facebook.com/Friendship0002
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.