Hi everyone
I checked on how did Litecoin move in the summer of 2019 when it was at current levels. As you can see there were 5 stages. We are now in stage 2. where LTC retested its support at 64.25 levels.
3. stage is a pump to 122 levels where LTC got rejected in 2019 and again dropped to re-test the 93 USD levels, this was the 4. stage.
The last stage was the TOP at 147 USD. Am I seeing this happening again? I don't know, but it is oddly similar to the situation that went on in Summer 2019.
Keep an eye on this.
I checked on how did Litecoin move in the summer of 2019 when it was at current levels. As you can see there were 5 stages. We are now in stage 2. where LTC retested its support at 64.25 levels.
3. stage is a pump to 122 levels where LTC got rejected in 2019 and again dropped to re-test the 93 USD levels, this was the 4. stage.
The last stage was the TOP at 147 USD. Am I seeing this happening again? I don't know, but it is oddly similar to the situation that went on in Summer 2019.
Keep an eye on this.
Note
Didnt go as much sideways as i thought, but so far going as planned. LTC tested the resistance at $122 and got rejected. We can also see that it had bounced of the support at around $93, now heading back towards the $122 levels.We could see a breakout and a retest of June 2019's high at $147.
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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.