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LTC

Litecoin Rejected at $134 — Watching $120 Support

I see Litecoin get rejected at $134 and drop to $121.71 after a 7.33% daily decline, now probing crucial support just above $120.

Although August's rally was driven by whale accumulation and short-term bullish momentum, the recent pullback signals that buyers need to reassert control around the $120 area to avoid deeper losses.

I will wait for confirmation of support with stabilizing volume or a clear bounce before adding exposure; if $120 breaks decisively, a more defensive stance or reduced position sizing is warranted.

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Analysis

Price action shows a failed retest of $134 and a sharp pullback, suggesting short-term selling pressure despite prior whale-led rallies. Key level: $120 — a decisive break could open a deeper correcti...

Recommendation

Watch and wait for support confirmation above $120. Consider buying on confirmed bounce or weakness near $120 with tight risk controls; if $120 breaks, avoid adding and reassess downside targets.

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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