Market analysis for Litecoin is very similar to Bitcoin as it has shown in the past. Looking at the higher timeframes it is clear that litecoin overall market is bullish. However, recent price action shows it broke to the downside and could retrace to one of the fibonacci zones listed. As it has remained in an uptrend for so long, I'm anticipating a higher fibonacci level retracement to 0.618
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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.