The Macro Defying Bullish Continuation In Litecoin

By RizeSenpai
Updated
We had a bit of a bearish pullback because of Bitcoin and it was tradable thanks to the Bearish BAMM but now Litecoin just finds itself back at a major support that happens to align with the 200 SMA and the 1.414 Butterfly BAMM PCZ. If Litecoin can pivot from here i think it will go for that $99-$105 target though a more short term target would be $74-$77
Trade active
Trade active
So LTC has hit the first target of this setup as of right now it's holding these levels pretty well and if it keeps it up we can got straight to $84.97 if we start seeing weakness form below $73 i would just take profits here.
Bullish ButterflybutterfyHarmonic PatternsLitecoin (Cryptocurrency)LTCsupportandresistancezonesTrend AnalysisWave Analysis
RizeSenpai

Related publications

Disclaimer