LQTY Price Prediction for December 28

The post $LQTY Price Prediction for December 28 appeared first on Coinpedia Fintech News

LQTY is currently experiencing a significant downturn, down by -11.16%, trading at $1.959. This sharp decline signals a bearish trend in the short term. The market is under pressure, and the price movement suggests a possible continuation of this downward momentum unless key support levels hold.

Bearish Momentum in Play

LQTY has been facing selling pressure, leading to the current price drop. Despite the downturn, the broader market trend is still relatively neutral, indicating that this could be a short-term correction. If the price manages to hold above key support levels, a recovery may follow, but for now, the bearish outlook dominates.

Critical Support Levels

LQTY is nearing key support zones. The $1.90 level is crucial for preventing further downside movement. If the price fails to hold above this level, a deeper pullback could occur, with support areas around $1.70 to $1.50 potentially coming into play. Traders should watch these levels closely for signs of a reversal.

Short-Term Market Behavior: Correction Phase

The short-term market behavior shows a strong correction phase. While this could be a healthy pullback in a longer-term trend, the near-term outlook remains bearish unless there is a shift in market sentiment. A break below $1.90 could signal further downside, while a recovery above this level might indicate a potential rebound.

Key Levels for Risk Management

Traders should monitor key levels for risk management. The immediate support at $1.90 is vital; a drop below this level could signal further declines. On the upside, the resistance lies around $2.10 to $2.20. A recovery above this resistance could shift the momentum back toward the bulls.

Overall, the price of LQTY needs to stay above $1.90 to avoid further bearish pressure, while a break below this support could lead to deeper declines.