Litecoin bullish for now! $85-$96!
LTCUSDT On April 11, Litecoin broke above the resistance at
96, but the buyers could not hold the higher levels, which is evident from the long wick on the day's candlestick.Currently, the bears have managed to pull the LTC/USDT pair back to the 20-day EMA (
90). This is an important level to monitor because if the price breaks and closes below it, it could indicate a further downside for the pair towards the support level at $85. If the price rebounds from this level, the pair may trade within the range of 96 and 
85 for a few days.To maintain their advantage, the bulls need to push the price above
96, which could lead to a potential upward movement towards $106. Conversely, a breakdown below 85 could drag the pair towards $75.Let me know what you think!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.