LTC - 4h. Below $178 sellers will start the correction.

10 feb 2021

The wave of rising LTC prices on January 27 gave LTC investors the opportunity to take 75% of the price movement. Buyers have managed to break the critical range of $178.5-181, but we are not sure that they will have enough strength to hold it.

This range is important because it started a powerful wave of falling LTC prices on January 10.

By the way, the goal of our previous idea was achieved:

Given that BTC updated its historical high and yesterday the producers showed that they are ready to keep the price, there is a high probability of the beginning of the correction in the LTC market.

The first target in this scenario is the range of $145-150. The main condition for this scenario will be to fix the price below $178.5. The ultimate target of the fall is $124.

However, even in this scenario, the growth trend will continue. The correction will help buyers gain strength at more attractive prices

P.S. our global idea:

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