Litecoin price reached possible selling zone after strong increase

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In this article, we share a recent analysis of litecoin (LTC) previously shared in our premium group. Are you not yet a member or do you still have questions after reading this article? Then try our Premium membership for free for 30 days.

Technical analysis LTC price

Litecoin was one of the few rates that still performed strongly in the second half of 2022. However, since the peak in February, the LTC price has been in a correction, but has bounced quite a bit in recent days. That may provide an opportunity to take profits, as the correction could go even deeper. Crypto Insiders analysts recently described this to Premium members as follows:

“Litecoin is in a downward trend from the February high. We foresee another significant drop in the near term through a 3 swing low to the $40 to $50 range, but not below.

In the long term, we are still bullish on the LTC price. However, the red box is in a high-risk area. The red box is on the pivot point and the weekly high with a potential AB=CD target.

Due to the market conditions, everything is extra uncertain, so we keep a close eye on the LTC price in the Premium group. If the price deviates from our expectations, you can immediately find a new analysis in the Premium environment.”

litecoin analyse 1303
This analysis was shared with members on March 13. Analytics are usually shared 48 hours earlier in our Premium environment and may therefore be slightly out of date.

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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. Therefore, these are for educational purposes only.

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