FenzoFx—Litecoin formed a double top at $116.4, causing a price dip. Currently, LTC trades near $110.1 after forming a double bottom. The Stochastic Oscillator is in oversold territory, suggesting a potential bounce, supported by VWAP from July 15.
Technically, if LTC holds above $110.1 and key support at $104.0, the uptrend could resume. In this scenario, the bullish targets would be $116.4 and $122.3.
Technically, if LTC holds above $110.1 and key support at $104.0, the uptrend could resume. In this scenario, the bullish targets would be $116.4 and $122.3.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.