Litecoin $135.18 (LTC) and Avalanche 
$25.74 (AVAX) is remarkable with their strong price recovery in recent weeks. The price of Litecoin compensated for all his losses at the beginning of February and approached the annual summit. Avalanche and the end of the long -term correction can be on the verge of a new rise movement. Technical analysis indicates that both crypto currencies have a strong potential to rise.
Can Litecoin rise to $ 170?
Litecoin declined after the peak in December 2024 at $ 147 and moved on the long -term decline channel. However, in February, exceeding the middle region of the channel LTCOn February 19, up to $ 140. Although the price that encounters resistance at this level shows a slight retreat, it seems to be a candidate to maintain the upward movement.
Technical indicators support Litecoin’s possibility of upward breaking. In daily graphics Rsi And Macd The indicators give positive signals. Elliott Wave TheoryAccording to the Litecoin, it creates a structure that can reach $ 170. However, the possibility of withdrawing to the $ 80 level after this level has been reached should not be ignored.
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As in Ltc coin If it is permanent over $ 140, it can target $ 170. Otherwise, there is a possibility of a decrease towards $ 80.
Avalanche can complete the correction and go to the exit
After Avalanche reached $ 65 in March 2024, he entered the decline channel and fell to $ 24. However, during this fall Kama formation And technical indicators indicate that recovery is close.
While the daily RSI indicator indicates that the downward pressure is reduced, exceeding the level of 26 dollars with the increase in volume may be an important bull signal. Fibonacci According to their level, 29.25 and $ 36.13 levels are seen as important thresholds for rise.
According to Elliott wave theory Avax The price can rise in the final stage of the ABCDE structure and after creating a final bottom. However, sagging below $ 18 may raise the risk of further fall.
Generally Avax Coin If 26 dollars are exceeded, it can move towards 29.25 and 36.13 dollars. Under $ 18 -risk area for crypto currency.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
