Litecoin (LTC) is exhibiting a strong upward trend across all timeframes: long-term, medium-term, and short-term.
In recent trading sessions, LTC rose from a support level of $64.00 to a resistance near $106.00, where prices currently trade just below. The coin remains well supported at $80.00 and is currently testing the resistance at $88.00.
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If LTC breaks above $88.00, it is likely to target the next resistance at $95.00.
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If LTC fails at $88.00 and reverses downward, it may retest support at $80.00.
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A break below $80.00 could open the door for a further decline toward the second support level at $73.00.
Key Support Levels:
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First Support: $80.00
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Second Support: $73.00
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Third Support: $65.00
Key Resistance Levels:
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First Resistance: $88.00
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Second Resistance: $95.00
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Third Resistance: $100.00
