LTC - 4h. The price reaches the critical range of $145-150
Low sales volumes during the wave of falling LTCUSD prices on January 25 hinted at the end of the correction in the LTC market.
In fact, on January 10, after a sharp drop in prices by 40%, buyers began to build a new liquidity zone in the range of $125-130. During 3 attempts, the sellers were unable to push the price below this range.
Thus, we believe that the initiative in the LTC market again belongs to buyers.
To continue to grow with a target of $170-175, buyers need to either test the $ 125-130 range again or break the $ 145-150 critical point within the current attack. Buying LTC now for short-term speculation is, in our opinion, risky.
_________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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In fact, on January 10, after a sharp drop in prices by 40%, buyers began to build a new liquidity zone in the range of $125-130. During 3 attempts, the sellers were unable to push the price below this range.
Thus, we believe that the initiative in the LTC market again belongs to buyers.
To continue to grow with a target of $170-175, buyers need to either test the $ 125-130 range again or break the $ 145-150 critical point within the current attack. Buying LTC now for short-term speculation is, in our opinion, risky.
_________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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