🌟📉 "Litecoin Analysis: The Oldest Coin in the Market" 📊💰
🕵️♂️ Let's delve into the analysis of Litecoin, one of the oldest cryptocurrencies, which has managed to remain in the top 50 coins. We'll analyze it for trading in futures.
📈 In higher time frames, Litecoin remains within its box, similar to some other cryptocurrencies. After breaking the resistance at 109.86, it has the potential to start its upward trend.
⏳ However, in lower time frames, after breaking the 4-hour support line at 95.81 and failing to recover, the price sharply moved towards the main support at 76.16. Currently, it oscillates between 88.27 and 76.16.
🎯 For short positions, we have an important support level at 76.16. After breaking this support, we can open short positions in the direction of the trend and move towards potential targets.
🔄 But for long positions, there are other coins with better conditions, such as near. However, if you want to enter, wait for breaks of the lines at 82.37 and 88.27.
💼 As long positions against the trend are risky, it's recommended to look at short-term perspectives and quickly secure profits. However, after breaking 76.16, you can hold onto more of your positions due to being in the direction of the trend.
🛒 For buying this coin, there is no entry point for now. But if a long-term entry point is seen, we'll update and examine this analysis again.
💪 I personally don't buy this coin. It's one of the oldest cryptocurrencies and is widely accepted in crypto payments. Most sites that accept crypto payments prefer LTC. It has withstood the test of time and remains.
📉 Upcoming supports are at 71.32, 67.69, 64.41, while resistances are at 88.27, 95.81, and the most significant resistance at 109.86.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
📈 In higher time frames, Litecoin remains within its box, similar to some other cryptocurrencies. After breaking the resistance at 109.86, it has the potential to start its upward trend.
⏳ However, in lower time frames, after breaking the 4-hour support line at 95.81 and failing to recover, the price sharply moved towards the main support at 76.16. Currently, it oscillates between 88.27 and 76.16.
🎯 For short positions, we have an important support level at 76.16. After breaking this support, we can open short positions in the direction of the trend and move towards potential targets.
🔄 But for long positions, there are other coins with better conditions, such as near. However, if you want to enter, wait for breaks of the lines at 82.37 and 88.27.
💼 As long positions against the trend are risky, it's recommended to look at short-term perspectives and quickly secure profits. However, after breaking 76.16, you can hold onto more of your positions due to being in the direction of the trend.
🛒 For buying this coin, there is no entry point for now. But if a long-term entry point is seen, we'll update and examine this analysis again.
💪 I personally don't buy this coin. It's one of the oldest cryptocurrencies and is widely accepted in crypto payments. Most sites that accept crypto payments prefer LTC. It has withstood the test of time and remains.
📉 Upcoming supports are at 71.32, 67.69, 64.41, while resistances are at 88.27, 95.81, and the most significant resistance at 109.86.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.