Litecoin has almost completed its downtrend cycle, bottoming out at $121 and is on the path to continuing its uptrend making new higher highs.
Just recently, Litecoin hit $171 and is now heading towards the local high at $183. From here, a close over the local high resistance turned support would send the price of LTC to $218, which is the 2018 swing high level created after the bull run where Litecoin almost hit $400.
Just recently, Litecoin hit $171 and is now heading towards the local high at $183. From here, a close over the local high resistance turned support would send the price of LTC to $218, which is the 2018 swing high level created after the bull run where Litecoin almost hit $400.
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Looking at the daily time frame of Litecoin we can see that the price found support along the $183 level of resistance (local high) going long towards $218 (previous 2018 high). After $218, the next long target that I have placed is $260
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Related publications
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.