FenzoFx—Litecoin faced resistance at $93.55 and has started consolidating below this level. Despite the pullback, the market remains bullish, with the price holding above the VWAP and 50-SMA.
Support is at $91.20, and resistance remains at $93.55. A sustained move above support could push the price toward $96.60.
Bearish Scenario: If Litecoin drops and stabilizes below $91.20, momentum may weaken further, targeting the next support at $89.30.
Support is at $91.20, and resistance remains at $93.55. A sustained move above support could push the price toward $96.60.
Bearish Scenario: If Litecoin drops and stabilizes below $91.20, momentum may weaken further, targeting the next support at $89.30.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.