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Litecoin Rejected at $134 — $120 Support Is Key

I see Litecoin rejected at the $134 level after a 7.33% daily drop, with the price now testing the crucial support area around $120 at $121.71. Despite the pullback, August's rally was driven by notable whale accumulation and earlier bullish momentum.

I'm watching whether LTC can hold above $120 — a decisive break below would likely invite further downside, while a swift recovery would confirm buyers remain active. I'll follow volume and on-chain whale movement for conviction before changing my position.

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Analysis

Price action shows a clear rejection at resistance and a test of the $120 support band. On-chain whale accumulation indicates underlying demand, but the immediate technical picture favors downside ris...

Recommendation

I'm on watch — avoid fresh longs until LTC holds above $120 with confirming volume. Consider buying weakness only if on-chain signals and price action show a disciplined bounce; otherwise stay sidelin...

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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