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$LTC /USDT Testing Key Support Levels ā Will Litecoin Hold or Slide Further? ā”šÆ
Litecoin (
$LTC ) is currently trading at $68.32, experiencing a slight decline of -1.03% over the last 24 hours. After reaching a 24-hour low of $68.00,
$LTC is now testing critical support levels. Hereās what to watch as LTC finds itself at a pivotal point.
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Moving Averages & Key Indicators
1. MA(7): 68.45 ā Immediate resistance; crossing above this level could signal short-term recovery.
2. MA(25): 68.75 ā Mid-term resistance, providing a base if LTC attempts a rebound.
3. MA(99): 69.90 ā Major resistance level; breaking above could mark a potential bullish reversal.
LTCās current position below these averages highlights a consolidation phase, with potential for a directional move once it clears resistance or support levels.
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Price Targets to Watch for LTC/USDT
šÆ Target 1: $68.75 ā First resistance; a break here could indicate short-term bullish sentiment.
šÆ Target 2: $69.67 ā Key level that could attract more buyers if reached.
šÆ Target 3: $72.28 ā The upper target, indicating a significant recovery if bulls regain control.
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Caution: If LTC dips below $68.00, it may revisit its recent low around $66.79, signaling further consolidation. Traders should monitor these levels closely for signs of strength or weakness.
Stay tuned as LTC navigates these levels, with potential for a decisive move ahead!
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