Litecoin Long-Term Bullish: $270 Target in Next Bull Market
Litecoin Bullish Chart Analysis
Litecoin (LTC) is currently trading at $77.50. According to a technical analysis by CryptoPatel, the price is expected to move 30-40% down from here before skyrocketing.
The analysis is based on the rising wedge pattern, which is a bearish continuation pattern. If the price breaks down the rising wedge pattern, we could see a drop to $65 and $51.
The analyst recommends buying Litecoin at $60-$65 or $51. The target price is $100 after hitting both buy zones. The next target is $270 in the next bull market.
However, there is some risk in the short term. The price could break down below $51 and go even lower ( which will best buying price ). Therefore, it is important to do your own research before investing in any coins.
Here are the key levels to watch:
Support: $51
Resistance: $100
Disclaimer: This is not financial advice. Do your own research before investing in any coins.
Additional notes:
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Litecoin (LTC) is currently trading at $77.50. According to a technical analysis by CryptoPatel, the price is expected to move 30-40% down from here before skyrocketing.
The analysis is based on the rising wedge pattern, which is a bearish continuation pattern. If the price breaks down the rising wedge pattern, we could see a drop to $65 and $51.
The analyst recommends buying Litecoin at $60-$65 or $51. The target price is $100 after hitting both buy zones. The next target is $270 in the next bull market.
However, there is some risk in the short term. The price could break down below $51 and go even lower ( which will best buying price ). Therefore, it is important to do your own research before investing in any coins.
Here are the key levels to watch:
Support: $51
Resistance: $100
Disclaimer: This is not financial advice. Do your own research before investing in any coins.
Additional notes:
- CryptoPatel is a well-known cryptocurrency trader and analyst.
- Technical analysis is the study of historical price movements to predict future price movements.
- Technical analysis is not always accurate, and there is always the risk of losing money when investing in cryptocurrencies.
Follow us for More Quality Analysis.
Thank you.
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Telegram: t.me/OfficialCryptoPatel
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Disclaimer
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