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Litecoin to $100 looks probable as breakout at resistance gets underway
- Motiur Rahman
- 2023-01-10
- 4230
- Technology
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Summary:Litecoin is attempting to break above $80The upcoming halving event is seen to boost the priceA successful breakout will see buyers eye the next resis
Lettercoin is trying to break through $80
The coming decline is also seen as raising the price
If the breakthrough is successful, customers will see the next friction resistance of $100
If you keep staringWright coin(LTC/USD), it is time to be more curious, because the latest price seems exciting. In the rise of the Wright dollar in November, the area around $80 is its roadblock. The short order took the opportunity to lower the price and retested the support of US $64, but both sides resumed.
In the long war between long and short positions, the former one seems to have won, along with the Leite's attempt to break through the barrier of $80. Cryptocurrency soared to $82, but it is not clear whether the daily candle will be closed to allow for a breakthrough. If the bull market is confirmed, it is very likely to reach $100. The best thing for investors is to care about the next price.
If you are likely to miss it, you can refer to itAnalysis of CoinJournalHow does Liteoin decline harm prices. But in addition to this important event, Letcoin may profit from the slightly improved cryptocurrency status to drive a breakthrough. By the time of submission, most cryptocurrencies had been gradually repaired. In that case, how do you judge whether the LTC price has broken through?
LTC soared, and the moment of momentum was higher, and the price was $80
LTC/USD data chart by TradeingView
In the technical future outlook of the daily curve, LTC is very strong. The daily candle is passing through the resistance zone of $80. The sharp increase in the volume of buyers shows that buyers are very proactive towards LTC. The price also remained outside the EMA system and the rising trend line.
When will breakthroughs be considered?
LTC must sell $80 when the closing price of the candlestick is higher than $80 per day to consider a successful breakthrough. If the price is above this important level, customers may be attracted. LTC is likely to soar to nearly US $100, which is the potential resistance zone.
Conversely, ifLTC priceIf the closing price is less than $80, the token may be adjusted. The former one is more likely for us, but investors should be open to them.
Where to buy LTC
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