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11.02.202115:13 Forex Analysis & Reviews: Litecoin: up or down?

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The main uncertainty lies in the 186.48 level. If the price fails to consolidate above it, LTCUSD may well decline to the level of 171.25.

If LTCUSD consolidates above 186.48, the support level will be confirmed, but where will the targets be? Theoretically, near the level of 205.25. Yesterday, the price failed to advance to that area, despite consolidation. In my opinion, long positions should be considered in case the price hits yesterday's high and consolidates above it.

Ekaterina Kiseleva
Analytical expert of InstaForex
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