Potential inverted head and shoulder pattern observed.
LTC struggles to surpass the $68 supply zone and 50-day EMA.
The market was negatively affected by hawkish comments from Fed’s Powell.
Litecoin price at $64.26 with the potential of a bullish pattern if it reverses from the $61-$60 zone.
12% recovery from $55.79 showcases strong bullish sentiment.
The RSI and MACD indicate signs of a potential recovery.
The LTC price might reach $100 if it breaks through the $68 and $80 resistance levels, but could fall to $50 if the downtrend continues.
LTC struggles to surpass the $68 supply zone and 50-day EMA.
The market was negatively affected by hawkish comments from Fed’s Powell.
Litecoin price at $64.26 with the potential of a bullish pattern if it reverses from the $61-$60 zone.
12% recovery from $55.79 showcases strong bullish sentiment.
The RSI and MACD indicate signs of a potential recovery.
The LTC price might reach $100 if it breaks through the $68 and $80 resistance levels, but could fall to $50 if the downtrend continues.
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.
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.