✴️ Litecoin Is Head Towards $130 Based On This Theory...
The same theory I have for Bitcoin applies for Litecoin... Let me explain.
Litecoin peaked February 15 and then entered a correction/consolidation phase. This phase ended June 14, four months after the mid-February peak.
After this consolidation we have a very strong bullish breakout... Welcome to today.
After 4 months of consolidation, the bullish breakout is the confirmation.
What has been confirmed is the next bullish move.
Rather than going up just to "crash to 15K", it goes up for a few days and challenges resistance, resistance continues to be challenged until it breaks, why? Because the bullish bias has been confirmed when the consolidation broke up rather than down.
Regardless of the short-term swings, we are set to experience additional growth, higher highs and higher lows with the mid-June low being the main support and the mid-March low the backup/stronger support.
Any trading above these levels and the long-term bullish bias is intact and ultra strong.
Litecoin is trading at its highest level since April 2022 and closed the highest since this same date (hitting new highs as I write this).
This is a major development and signals that we just entered the everything grows phase.
The next easy target sits around $130/$135, this is short-term.
I will update you with more charts if that is your wish of course, with higher targets... Let me know in the comments.
Thank you for reading.
Namaste.
Litecoin peaked February 15 and then entered a correction/consolidation phase. This phase ended June 14, four months after the mid-February peak.
After this consolidation we have a very strong bullish breakout... Welcome to today.
After 4 months of consolidation, the bullish breakout is the confirmation.
What has been confirmed is the next bullish move.
Rather than going up just to "crash to 15K", it goes up for a few days and challenges resistance, resistance continues to be challenged until it breaks, why? Because the bullish bias has been confirmed when the consolidation broke up rather than down.
Regardless of the short-term swings, we are set to experience additional growth, higher highs and higher lows with the mid-June low being the main support and the mid-March low the backup/stronger support.
Any trading above these levels and the long-term bullish bias is intact and ultra strong.
Litecoin is trading at its highest level since April 2022 and closed the highest since this same date (hitting new highs as I write this).
This is a major development and signals that we just entered the everything grows phase.
The next easy target sits around $130/$135, this is short-term.
I will update you with more charts if that is your wish of course, with higher targets... Let me know in the comments.
Thank you for reading.
Namaste.
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