Why Litecoin buyers should watch out for these levels before going long

Quick Summary:

Litecoin is testing a critical support zone—will bulls defend it and trigger a recovery or will more downside follow?

If this trend persists and the 20-day EMA crosses below the 50-day EMA, it could mean greater selling pressure.

The rejection led to a pullback toward its press time levels near the crucial support at $62.

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Article Details

Author / Journalist: Yash Majithia

Category: Crypto

Markets: United States

Topics: Social News Analysis Litecoin News 1 Trading View Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 08:30:14 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22877817

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 23 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #103

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