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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
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📅 Ends at 4:00 AM July 22 (UTC)
The long tail on Litecoin's July 10 candlestick indicates that the bulls are buying aggressively on the dip below the 20-day EMA ($95).
Buyers will have to break through the $100 hurdle to signal the start of a sustained recovery. The LTC/USDT pair could then rally to $106 and then struggle to reach the overhead resistance at $115.
The important level to watch on the downside is the 20-day EMA. If this level is not held, the pair could drop to the 50-day SMA ($89). Such a move could delay the start of the next leg of the uptrend.
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