LTC: Increased Downward Probability

744
LTC: Increased Downward Probability

Litecoin (LTC) has encountered a robust resistance zone near the 131.00 level for the fourth time.

This level aligns with the resistance line originating from the peak of 141.20 on January 15th, 2025.

Given the strong reaction at this level, the likelihood of a downward movement appears higher. The chart suggests potential support areas around 112.20, 103.50, and 95.20.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

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.