LTC- A coin that I like a lot (100 is my target)
As I said this in the past, Litecoin is one of the most technical coins out there and very clear when it comes to analyzing it.
As we can see from the main posted chart, after a dive at 40usd in the middle of June, the coin reversed and started to trade in a range between 50 and 65.
Last week, after touching the 70 important resistance, LTC took a dive as all the crypto market, but bulls stropped its descent in the 50usd support zone and a strong recovery followed yesterday.
At this moment we can consider 50 as a bottom and expect growth from now on in the medium term.
A rise above 65 could lead to a break above 70 resistance and once this is cleared, 100 important figure is in focus (and also my target).
Dips under 60 should be bought and a clear daily close and selling pressure under 50 would change my bullish view for this coin.
As we can see from the main posted chart, after a dive at 40usd in the middle of June, the coin reversed and started to trade in a range between 50 and 65.
Last week, after touching the 70 important resistance, LTC took a dive as all the crypto market, but bulls stropped its descent in the 50usd support zone and a strong recovery followed yesterday.
At this moment we can consider 50 as a bottom and expect growth from now on in the medium term.
A rise above 65 could lead to a break above 70 resistance and once this is cleared, 100 important figure is in focus (and also my target).
Dips under 60 should be bought and a clear daily close and selling pressure under 50 would change my bullish view for this coin.
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🌟 Bust your trading with 50% deposit bonus:
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