🔔 Litecoin is about to break the resistance at $64, no success so far.
🔔 There are two patterns I'm currently tracking - Cup and Handle and Inverted H&S.
🔔 There are no significant updates and news related to Litecoin, except listing on Paypal, hence the price action is mainly related to speculation by traders and general crypto market sentiment. This is confirmed by the same parallel channel as on Ethereum.
🔔 What I really like about this channel is when Andrew's Pitchfork is applied, both Moving Averages 100 and 200 follow levels of the pitchfork, you can rarely see that on market, so I'm betting high on LTC. Nearest targets are on the chart.
🔔 If Litecoin actually fails to overtake the resistance, it will probably drop to the nearest support levels, which are located at $59.36 and $56.79.
✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.