Hello Traders Investors And Community,
Welcome to this analysis about Litecoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Litecoin the last times has managed to hold the levels it previously established sustainably and as I discovered now is forming a decisive formation that can show up with worthwhile determinations when it manages to establish the right price-action, therefore some few confirmations remain and when these are done it will lie good ground for the breakout and continuation, therefore I detected all the important levels and likely outcomes we should consider with XRPUSDs established structure and upcoming movements.
As when looking at my chart now we can watch there how Litecoin has formed this major triangle-formation marked in blue, furthermore it has the coherent wave-count within the formation almost already completed the waves A and B within the structure and now setting up to form the wave C that will then lead to a final breakout above the boundary when Litecoin manages the solid bounce within the structure. The triangle will be finally validated with Litecoin moving above the upper-boundary and closing there as it is seen in my chart such a price-action will activate the dynamic target-zone marked in orange and when this target-zone is reached the situation needs to be elevated anew in terms of Litecoin either managing to continue right away bullishly or firstly reverses to visit lower levels. For now, the breakout above the boundary should be expected, it will be an interesting development.
In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about Litecoin, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Litecoin the last times has managed to hold the levels it previously established sustainably and as I discovered now is forming a decisive formation that can show up with worthwhile determinations when it manages to establish the right price-action, therefore some few confirmations remain and when these are done it will lie good ground for the breakout and continuation, therefore I detected all the important levels and likely outcomes we should consider with XRPUSDs established structure and upcoming movements.
As when looking at my chart now we can watch there how Litecoin has formed this major triangle-formation marked in blue, furthermore it has the coherent wave-count within the formation almost already completed the waves A and B within the structure and now setting up to form the wave C that will then lead to a final breakout above the boundary when Litecoin manages the solid bounce within the structure. The triangle will be finally validated with Litecoin moving above the upper-boundary and closing there as it is seen in my chart such a price-action will activate the dynamic target-zone marked in orange and when this target-zone is reached the situation needs to be elevated anew in terms of Litecoin either managing to continue right away bullishly or firstly reverses to visit lower levels. For now, the breakout above the boundary should be expected, it will be an interesting development.
In this manner, thank you for watching the analysis, many thanks for everybody supporting, have a good time and trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.