LTC - 2h. Buyers kept of $192-196. The next target is $260

17 thg 2, 2021

After updating the local high on February 14 and testing the mark of $230.77, the LTC price began to correction. Buyers received a major blow in the range of $192-196. It is in this range on February 15 recorded large volumes, which sellers wanted to push the price lower.

However, as we can see in the chart, buyers were quite interested in this range. Completely depleted of sellers, buyers began a new attempt to grow within the black local channel. Confirmation of the continued rise in the price of LTC will be a retest the mark of $217.

If buyers can keep this mark, we expect to continue to grow to $250-260.
In addition, the positive dynamics in the BTC market contributes to the growth of LTC:

The critical point of this scenario is the range of $192-196. If buyers do not keep it on the LTC market, a deep and protracted correction will begin.
_____________________
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!