Is Litecoin Ready to Launch its Rise to $140? Current LTC Analysis

  • LTC’s 4-hour chart is moving within the support range of 97.61$ to 99.07$, and closes below 97 dollars indicate a potential drop to the range of 92.41$ – 91.07$.
  • For long positions, support between 92.41$ – 91.07$ is awaited, while prices above 99 dollars suggest a rise towards 120 dollars. If the price breaks below the 99 dollar support,
  • opening long positions from the 92.41$ region or the current level of 99.88 dollars is possible. LTC has shown a downtrend in recent days. The nearest support is at 91.86 dollars, with a stop loss below 83 dollars in daily closes.

When examining LTC’s technical chart, a downward trend is observed in recent days. The nearest support is at the level of 91.86 dollars. The support range between 97.61$ and 99.07$ on the 4-hour chart is significant. For long positions, the support range of 92.41$ – 91.07$ can be expected.

MEDIUM TERM LTC ANALYSIS

2-Day LTC/USD Price Chart
2-Day LTC/USD Price Chart

When we look at the technical chart of LTC over the past two days, it is observed that it has experienced a 30% increase from the previously mentioned region, providing profitable returns to our readers. However, it is evident that Litecoin has been showing a downward trend over the last two days.

The nearest significant support for LTC is at the level of $91.86 as mentioned in the analysis. Investors looking to make spot investments in LTC can consider the range between $91.86 and $88 as a mid-term spot evaluation zone.

If LTC falls to the support range of $91.86 – $88 as indicated in the analysis, its initial target could be to reach $120. However, if it drops below the specified support and closes below $83 on a daily basis, it is important to consider terminating the transaction.

SHORT TERM LTC ANALYSIS

4-Hour LTC/USD Price Chart
4-Hour LTC/USD Price Chart

When observing the 4-hour technical chart of Litecoin, we see that it is attempting to hold onto the support range between $97.61 and $99.07. If LTC closes below $97 in the next few hours, it could drop to the support range between $92.41 and $91.07 as indicated in the analysis.

For long (long) positions targeting $120 in LTC, the support range of $92.41 to $91.07 can be expected. However, if the price continues to stay above $99, it may head towards $120. There are two possible scenarios for long positions: waiting for long positions from the $92.41 region after the price breaks the $99 support, or entering a long position from the current level of $99.88 with a target of $120. The stop point for those entering a long position at $99.88 is at the $99 level.

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Crypto Vira
Crypto Virahttps://coinotag.com/
Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
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