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LTC

Litecoin Faces Key $120 Test After Rejection at $134

I see Litecoin recently rejected at $134 and is trading around $121.71 after a 7.33% intraday drop, now testing crucial support just above $120.

Although bullish momentum and whale buying powered the August rally, the current price action calls for caution: a confirmed hold above $120 would be constructive, while a breakdown would signal deeper weakness.

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Analysis

Price rejection at $134 followed by a sharp pullback suggests short-term sellers regained control despite prior whale-driven strength; the $120 area is the immediate technical pivot — a clean hold wou...

Recommendation

I'm watching LTC closely at the $120 support. Wait for confirmation of support or a clear reversal before initiating new positions; consider dip buys only after signs of stabilization.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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