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Litecoin is Profit Taking at Critical Juncture

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FenzoFx—Litecoin's uptrend started at $92.34 and hit a weekly high of $102.5, tested by buyers in today's Tokyo session. This resistance may be retested in London or New York.

The selling push at $102.5 left a long-wick candlestick but lacked strong volume, indicating buyers are still active. Today's range is 76% of yesterday's move, supporting this outlook.

Bearish View: LTC/USD remains bearish below $103.0. We expect a retest at this level during the London session before declining toward $99.0.

Invalidation: If LTC/USD closes above $103.0, the bullish target shifts to $110.0.

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