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LTC

Litecoin Rejected at $134 — Watching $120 Support

I see Litecoin rejected at the $134 area and currently trading around $121.71 after a 7.33% intraday drop, meaning it's testing critical support just above $120.

Despite the near-term pullback, the August rally driven by whale accumulation still matters; I'll watch for a clear hold or a breakdown of the $120 zone before changing my exposure.

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Analysis

Price rejection at $134 and the sharp drop to ~$121 indicate short-term selling pressure; however, preceding whale activity suggests underlying demand. The critical inflection is the $120 support — a ...

Recommendation

Watch price action around $120 for confirmation. Do not add size yet; consider a buy-on-weakness approach only if $120 holds with signs of accumulation, and use a tight stop below the support to limit...

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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