Just like the other top cryptocurrencies, Litecoin saw a dump just before it approached its monthly resistance. From here everybody was faked out of the marked and sold their coins at $67 as Litecoin capitulated to where it’s at now. The $67 level of support is where you should’ve been buying going long, not FOMO’ing in now the price is almost $90.
Currently, Litecoin faces 2 major resistance levels holding the price down below $100. The first one is $89.92 which is the start of the downtrend that brought the price down to $67. LTC is about to close out this valley, just like how ETH did about 15 minutes ago. Litecoin is just lagging behind a bit.
After the valley is broken, the next level is the monthly resistance at $95. Litecoin is currently swinging in between two monthly levels of support/resistance and will continue to do so until broken out from the top.
I’m expecting some pullback once the $95 is hit, especially in the region from $95-$100 i’m expecting some major resistance pullback and people’s sell orders to hit. Like me personally, I have my orders set at $94.94, just below the monthly resistance level because I know there will be some heavy pullback and I want to make sure my order fills.
Here are my long targets:
TP1 🎯 $89.92
TP2 🎯 $95
As always please do your own research, I am not a financial advisor.
Currently, Litecoin faces 2 major resistance levels holding the price down below $100. The first one is $89.92 which is the start of the downtrend that brought the price down to $67. LTC is about to close out this valley, just like how ETH did about 15 minutes ago. Litecoin is just lagging behind a bit.
After the valley is broken, the next level is the monthly resistance at $95. Litecoin is currently swinging in between two monthly levels of support/resistance and will continue to do so until broken out from the top.
I’m expecting some pullback once the $95 is hit, especially in the region from $95-$100 i’m expecting some major resistance pullback and people’s sell orders to hit. Like me personally, I have my orders set at $94.94, just below the monthly resistance level because I know there will be some heavy pullback and I want to make sure my order fills.
Here are my long targets:
TP1 🎯 $89.92
TP2 🎯 $95
As always please do your own research, I am not a financial advisor.
