Opened a long position #LTC
The coin corrected to the support level at $62.14, where it received slight support from buyers, which led to a breakdown of the MA50 moving average.
The market is gradually recovering, so there is every chance of a successful breakdown of the inclined resistance and further full growth of the asset.
A slight increase in trading volumes tells us that buyers are interested in taking positions from current values; I expect to see the price moving above the moving MA200 and consolidating above it in the near future.
Targets: $77.22 - $80.79 - $85.64
Stop: $63.59
ߋ haydarcrypto
The coin corrected to the support level at $62.14, where it received slight support from buyers, which led to a breakdown of the MA50 moving average.
The market is gradually recovering, so there is every chance of a successful breakdown of the inclined resistance and further full growth of the asset.
A slight increase in trading volumes tells us that buyers are interested in taking positions from current values; I expect to see the price moving above the moving MA200 and consolidating above it in the near future.
Targets: $77.22 - $80.79 - $85.64
Stop: $63.59
ߋ haydarcrypto
#LTC is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon.
But if #LTCUSDT faces resistance at the upper trend line of the wedge In that case, we could see a retest of the bullish around $60.00. This level has been a stronghold of support for LTCUSDT , rich with liquidity and a key area for potential buy orders.
However, if Litecoin doesn't bounce back from $60.00, the focus shifts to the next crucial support at the lower demand zone of $56.00. The likelihood of a strong rebound here is quite high, making it a critical level to watch.
On the flip side, if LTC continues to slide, the bears might gain control, leading to a bearish continuation. This would mark a significant shift in the market sentiment.
ߋ techcryptoanalyst
But if #LTCUSDT faces resistance at the upper trend line of the wedge In that case, we could see a retest of the bullish around $60.00. This level has been a stronghold of support for LTCUSDT , rich with liquidity and a key area for potential buy orders.
However, if Litecoin doesn't bounce back from $60.00, the focus shifts to the next crucial support at the lower demand zone of $56.00. The likelihood of a strong rebound here is quite high, making it a critical level to watch.
On the flip side, if LTC continues to slide, the bears might gain control, leading to a bearish continuation. This would mark a significant shift in the market sentiment.
ߋ techcryptoanalyst