LTCUSD (Litecoin) – Week 11 – Going up
Litecoin was among the top performers of the last bull market, but during this market cycle the cryptocurrency that once led altcoin seasons, is now lagging far behind.
Technically, Litecoin did exactly what we said in our previous week’s analysis. It started an up move that will eventually reach the resistance area at $250 in our opinion. There is however a possibility of a pullback to the blue trendline marked on the chart similar to the pullback in the beginning of March (3-5 March).
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, Litecoin did exactly what we said in our previous week’s analysis. It started an up move that will eventually reach the resistance area at $250 in our opinion. There is however a possibility of a pullback to the blue trendline marked on the chart similar to the pullback in the beginning of March (3-5 March).
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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