Low sales volumes during the wave of falling LTCUSD prices on January 25 hinted at the end of the correction in the LTC market.
In fact, on January 10, after a sharp drop in prices by 40%, buyers began to build a new liquidity zone in the range of $125-130. During 3 attempts, the sellers were unable to push the price below this range.
Thus, we believe that the initiative in the LTC market again belongs to buyers.
To continue to grow with a target of $170-175, buyers need to either test the $ 125-130 range again or break the $ 145-150 critical point within the current attack. Buying LTC now for short-term speculation is, in our opinion, risky. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!