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Litecoin consolidation, traders focus on key resistance and support levels

Source: CoinWorld
Litecoin (LTC) trades with a narrow range of fluctuations between $115 and $119, with mixed signals for technical indicators. The 9-day moving average is still higher than the 20-day moving average, supporting the upward trend; the relative strength indicator (RSI) is neutral, and the MACD shows that the momentum is weakened. Key resistance is at $119.65 and support is at $115.38. Order book analysis shows that there is a clear buying barrier at $112.80 and a sell barrier at $121.00, indicating that the price may fluctuate decisively.
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