Litecoin price analysis
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Litecoin LTC 🔻$106.06 broke above the overhead resistance at $106 on June 30, and the bulls have managed to sustain the price above this level.
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However, the bears have not given up, and they are trying to stall the up move at the next resistance at $115. If bulls sustain the price above $106, it will enhance the prospects of the continuation of the uptrend. The LTC/USDT pair may then soar to the overhead zone between $134 and $144.
The first support on the downside is $106. If this level gives way, it will indicate that the short-term bulls may be booking profits. That could drag the price down to the 20-day EMA ($93).
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