LTC WEEKLY PERSPECTIVE- Coinbase
LTC faced heavy resistance on the weekly at 47.69, wicking up and touching this price then ultimately sinking below the old resistance, now support at 46.42 and closing at 42.04 on April 12th 2020. It then wicked back to 44.50 which almost touched the red trend line at 45.15 and closed at 42.28 on April 19th 2020. A double bottom also logically could occur at 34.77 before a push above into the range of 46.62-56, which if broken in the past has led to a bull run. Resistance can be seen at 80 and 100. A major cycle could cause prices to push to 137, 171, 220, and 325. These could takes years or months to obtain, just there for the long term time frame. Of course a macro downtrend could cause a double bottom on the weekly time frame around 25$ until we see more upside. Just an opinion
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