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For Litecoin, this would be the first step toward recovery
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ambcrypto.comBitcoin’s bullish momentum saw Litecoin climb in recent hours as well. On the charts, LTC has posted a 15% rise above the $143 lows to trade at $163.9 at press time, which was impressive. Litecoin bulls still have a long way to go before calls for $200+ can materialize.
If bulls manage to establish $163 as an area of demand in the days/weeks to come, the gains of October might once again be achievable.
Source: LTC/USDT on TradingView
The price action in December saw multiple tests of the $140 area in search of buyers. This level held as support and has also served as support in September and major resistance in June, marking it as a significant level.
Similarly, the $163 area (lower red box) has been tested multiple times as both, an area of
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