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Ltcusdanalysis

Litecoin- will it finally break under 100?Since November 2021, Litecoin was one of the weakest coins, losing 66% of its value from 300 to 100 at the moment of writing. Looking at the chart we can see that the price evolution was very "technical" and each rally was sold in resistance or very near. In my last Litecoin comment I said that a rebound from 100 is probable but this should be considered a good opportunity for selling around 120 and as we can see, the coin reversed from 116. Now we are back to 100 and I believe this time we will have a break. My target for this drop is another 30% at 70usd per coin. Best of luck! Mihai Iacob
COINBASE:LTCUSDShort
by Mihai_Iacob
8
Will Litecoin drop under 100?As I said before, in the past 6 months, Litecoin was very weak, in fact, one of the weakest, and my 100 target was reached. Now, the question is, will it drop under 100? In my opinion, the chances are very high for this. Technically the downtrend is very clear and as we can see from the chart every rally is sold. Now the coin is trading just above 100 support and I expect a break and continuation lower. 120 is now resistance and rallies towards that zone should be sold.
COINBASE:LTCUSDShort
by Mihai_Iacob
20
LTC/USDT - Potential 222% SetupHello Traders! LTC is moving in a downtrend, testing new support levels. The descending phase is followed by the accumulation phase. A suitable area to open a medium-term position would be the price range of $72 - $83. Exit a position using a stop-loss if the price goes under the support level of October 2020 - $44 The profit taking targets will be price levels of $142 $175 $232 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Long
by UnknownUnicorn10064030
1
Litecoin- Buy dips for good R:RIn my previous Litecoin analysis I said that after finding a strong floor around 100 figure, Litecoin can rise and challenge 120-125 zone resistance. Indeed, after breaking above consolidation's resistance at 116, LtcUsd accelerated its gans and reached 130 zone, above the mentioned target. Now a small correction seems to be on cards and this can be a good opportunity to open long trades. Bulls can target the next resistance at 140 and a drop under 120 would negate this scenario
COINBASE:LTCUSDLong
by Mihai_Iacob
13