Litecoin the little coin that can!
Who else is impressed with the way Litecoin has been the front runner blue chip coin as of lately. I know LTC has lots of catching up to do especially when it comes to its other blue chip coins. BUT when fan favorite Litecoin moves, it'll definitely lead the way for many other alt coins.
Let's take a look at a few key levels we can expect LTC to visit on its way to the moon.
First we have the red box of resistance which has acted as strong support as well as strong resistance in the past. Historic level of both support and resistance I would say. Which just so happens to line up well with the yellow overall .236 fib level at 128.82(29% away).
Second we have the white fib which is drawn from most recent swing high to swing low. Point of interest on this fib is the .618 at 202.05(103% away). After these levels are met without a major rejection we can start looking at higher levels. But for now these are strong levels to expect for an upside movement.
Lastly what's confirmed my bullish bias for LTC(not that it takes much for me) is the break out from the purple trend line. First touch point on March 28 2022 and second touch point February 13 2023. With a break out February 26 2024. Beautiful movement with fan favorite Litecoin, love to see it pump!
Trade safe peeps!
p.s hurry up John.
Let's take a look at a few key levels we can expect LTC to visit on its way to the moon.
First we have the red box of resistance which has acted as strong support as well as strong resistance in the past. Historic level of both support and resistance I would say. Which just so happens to line up well with the yellow overall .236 fib level at 128.82(29% away).
Second we have the white fib which is drawn from most recent swing high to swing low. Point of interest on this fib is the .618 at 202.05(103% away). After these levels are met without a major rejection we can start looking at higher levels. But for now these are strong levels to expect for an upside movement.
Lastly what's confirmed my bullish bias for LTC(not that it takes much for me) is the break out from the purple trend line. First touch point on March 28 2022 and second touch point February 13 2023. With a break out February 26 2024. Beautiful movement with fan favorite Litecoin, love to see it pump!
Trade safe peeps!
p.s hurry up John.
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.