LTC - 4h. Below $178 sellers will start the correction.
The wave of rising LTC prices on January 27 gave LTC investors the opportunity to take 75% of the price movement. Buyers have managed to break the critical range of $178.5-181, but we are not sure that they will have enough strength to hold it.
This range is important because it started a powerful wave of falling LTC prices on January 10.
By the way, the goal of our previous idea was achieved:
Given that BTC updated its historical high and yesterday the producers showed that they are ready to keep the price, there is a high probability of the beginning of the correction in the LTC market.
The first target in this scenario is the range of $145-150. The main condition for this scenario will be to fix the price below $178.5. The ultimate target of the fall is $124.
However, even in this scenario, the growth trend will continue. The correction will help buyers gain strength at more attractive prices
P.S. our global idea:
_________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
.
This range is important because it started a powerful wave of falling LTC prices on January 10.
By the way, the goal of our previous idea was achieved:
Given that BTC updated its historical high and yesterday the producers showed that they are ready to keep the price, there is a high probability of the beginning of the correction in the LTC market.
The first target in this scenario is the range of $145-150. The main condition for this scenario will be to fix the price below $178.5. The ultimate target of the fall is $124.
However, even in this scenario, the growth trend will continue. The correction will help buyers gain strength at more attractive prices
P.S. our global idea:
_________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
.
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