LitecoinLong
Will Litecoin Surpass $100?
Litecoin surges 13.43% in five days, breaking the $73 resistance.
LTC price forms a V-shaped reversal, leading to a rising channel rally.
Currently trading at $72.27, Litecoin tests the overhead resistance trendline.
The intraday candle shows price rejection at the 38.20% Fibonacci level near $76.
A minor pullback is possible following rejection from the $76 mark.
The 200-day EMA provides strong support at $70.66, sustaining bullish momentum.
An uptick in the 50-day EMA suggests a potential golden crossover soon.
MACD and signal lines remain positively aligned, reflecting increased bullish strength.
A breakout above the $82 mark could target the 78.60% Fibonacci level at $97.77.
Litecoin needs to surpass the $82 resistance to potentially hit $100.
If a pullback occurs, key support levels are at $68.53 and $60.
Litecoin's bullish channel formation signals continued upward momentum toward $100.
LTC price forms a V-shaped reversal, leading to a rising channel rally.
Currently trading at $72.27, Litecoin tests the overhead resistance trendline.
The intraday candle shows price rejection at the 38.20% Fibonacci level near $76.
A minor pullback is possible following rejection from the $76 mark.
The 200-day EMA provides strong support at $70.66, sustaining bullish momentum.
An uptick in the 50-day EMA suggests a potential golden crossover soon.
MACD and signal lines remain positively aligned, reflecting increased bullish strength.
A breakout above the $82 mark could target the 78.60% Fibonacci level at $97.77.
Litecoin needs to surpass the $82 resistance to potentially hit $100.
If a pullback occurs, key support levels are at $68.53 and $60.
Litecoin's bullish channel formation signals continued upward momentum toward $100.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.