CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2025-02-19 14:35:57

LITECOIN PRICE ANALYSIS & PREDICTION (February 19) – LTC Continues to Defy The Odds, Advances Bullish Following 6% Daily Gains

Among the top 20 altcoins, LTC is the only asset to have seen a notable recovery from the recent monthly dip. It is trading bullishly near the top as it faces multiple resistances. A breakout should be expected soon. Following a small pullback from $137.5 last weekend, LTC closed a bit weak but seemed to have resumed buying after holding well above $120 on Monday. This price level has provided support and is now charging to claim more highs, although facing some hurdles for a couple of days. Looking at the daily price actions, LTC is forming an inverse head-and-shoulder pattern as it trades near its recent top. The key $140 level is considered the neckline of this pattern. A break above this level should signal a strong run-up, though the $147 level might pose a little threat. Currently, there’s no sign of selling. A rejection may cause a little setback in the market. If that happens, LTC may retrace to look for solid ground before resuming buying at full speed. But from the look of things, the bulls are much more likely to sustain the pressure as they appear to be in control at the time of writing. A massive price movement can be expected shortly. LTC’s Key Level To Watch Source: Tradingview There are a few obstacles on the way up for the bulls. If they retake last week’s $137.5 high along with the January $141.2 high, the next major resistance for a test would be $147 before breaking up to $160. LTC left a lot of untested support below in case of a pullback. The $120 level is currently supporting the latest surge. If the market drops below it, the level to watch for a test would be $110. Lower levels for retracement are $100 and $92.6. Key Resistance Levels: $137.5, $147, $160 Key Support Levels: $110, $100, $92.6 Spot Price: $131.5 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.