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LTC has almost made it to the $100 level, but stumbled and got back to the $50-60 region. It was a dramatic event for traders, but, as usual, it’s not all lost. What to expect from Litecoin in the following days? Will it recover to the $100 region, and how soon? Read a LTC price prediction from one TradingView user.
Look at the LTC chart from Faibik. We can see that:
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LTC/USD is forming a Falling Wedge Patten,
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Indicators are turning bullish but need some volume to break out of the wedge.
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All that means that we can get some LTC for midterm and hold it with pretty low risk.
When to add up to your LTC reserves? Buy Between $48-54 (wait for entry or set buy orders). The stop loss is below $44. Our sell Targets are 70 - 98 – 120.
Alternatively, you can buy LTC now spending some ten percent of your portfolio & hold it for about 3 months.
Warning: before breakout, Litecoin can make it to the lower bottom. Litecoin's (LTC) price tested the 21 Candle - Moving Average (MA). The levels around $63 and $66 are playing the role of a strong resistance level that will stop the price growth if it reaches them. Colored Zone close to $40 is a strong support level where the price can consolidate.
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov