Quick update from my previous Litecoin analysis, after it 1st touched the 2-year valley at $171.55 and rejected off it, LTC came back down and retested $145, which was the 2019 swing high level.
From here, LItecoin was consolidating between the $145 - $159 level before continuing its move upwards for the next breakout towards $171 - $183.
Going long if this 4-hour candle can close above $159, this sparks the bullish momentum again towards these TP levels:
TP1 🎯 $171.55
TP2 🎯 $183.81
From here, LItecoin was consolidating between the $145 - $159 level before continuing its move upwards for the next breakout towards $171 - $183.
Going long if this 4-hour candle can close above $159, this sparks the bullish momentum again towards these TP levels:
TP1 🎯 $171.55
TP2 🎯 $183.81
Note
A closer look on LTC on the 30-minute TF, this is an obvious upwards pattern that after scam wicking down and up, Litecoin has spent time capitulating. From here, I can see the $171 level hitting relatively soon
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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.