Litecoin May Revisit ATHs for 500%
Litecoin continues to hold this long-term diagonal support, having only once wicked below it during the March 2020 black swan.
During the last two months of June and into July, it re-tested that diagonal and got quickly bought up.
Chances look good that it goes for another test of the horizontal resistance around 408 dollars, or at least most of the way there, which would be about 500% from our low over the last two weeks.
Lose the diagonal support and this trade is invalidated. Hold above it and I'll keep it active.
During the last two months of June and into July, it re-tested that diagonal and got quickly bought up.
Chances look good that it goes for another test of the horizontal resistance around 408 dollars, or at least most of the way there, which would be about 500% from our low over the last two weeks.
Lose the diagonal support and this trade is invalidated. Hold above it and I'll keep it active.
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