Litecoin- New leg up?
In my previous Litecoin analysis, I said that the structure for this coin is very bullish and we can have a rise towards 100 important figure in the medium term.
Indeed, after a very short-lived spike under 60, LtcUsd has risen and broke above 65 resistance which was also the resistance of an ascending triangle.
Acceleration followed and a top around 80.
After this top a correction was normal and, the Pin Bar from yesterday exactly at the beginning of November's top could signal a new leg up.
I expect continuation and Ltc back above 80 would bring confirmation for this.
My target remains unchanged, towards 100.
Only a daily close under 65 would change my bullish outlook.
Indeed, after a very short-lived spike under 60, LtcUsd has risen and broke above 65 resistance which was also the resistance of an ascending triangle.
Acceleration followed and a top around 80.
After this top a correction was normal and, the Pin Bar from yesterday exactly at the beginning of November's top could signal a new leg up.
I expect continuation and Ltc back above 80 would bring confirmation for this.
My target remains unchanged, towards 100.
Only a daily close under 65 would change my bullish outlook.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Related publications
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.