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Litecoin Still Trades Above EMA10 | $100+ Still Possible As ...
Litecoin / TetherUS
Long
Litecoin Still Trades Above EMA10 | $100+ Still Possible As ...
By AlanSantana
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Dec 2, 2022
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Dec 2, 2022
After 9 days of a new high being hit, Litecoin (LTCUSD) still trades above EMA10.
This is a possitive signal.
This signal is telling us that Litecoin is strong and undergoing bullish consolidation.
On a stronger correction, the 0.618 Fib. level can be tested at $68 or the 0.786 at $73.
If Litecoin continue showing this type of strength, it can resume its bullish move in a matter of days.
Even with a major correction (blue arrow), Litecoin would still remain bullish while aiming for a new high at $100+.
Namaste.
altcoins
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