LTC/USDT Technical Analysis ( What Halving Targets )

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LTC/USDT Technical Analysis: Bearish Trends and Upside Opportunities

LTC is currently trading at $84, displaying a bearish trend. Our analysis suggests a potential downtrend continuation towards $78. Previous resistance at $100 resulted in a rejection, but key support levels offer potential upside opportunities.

If LTC holds the strong support at $78 and breaks above $100, we may witness renewed upward movement. This could lead to an upward rally towards the $140-$150 range. Traders, keep a close eye on the breakout at $100 for potential bullish momentum.

On the downside, a breakdown below $78 could trigger further declines. In such a scenario, downside targets of $60 and $50 come into play. This presents a potential long-term buying opportunity for those looking to accumulate LTC at lower prices.

Key Levels:
Support: $78, $63, $50
Resistance: $102, $150

Disclaimer: This analysis is not financial advice. Please conduct your own research before making any investment decisions.

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