Hello friends! Congratulations on ending a difficult but fruitful week! Today I want to wish you not to be afraid to experiment and always believe in yourself.
As we can see, from December 1, the price began its decline after a long growth. On November 27, the price bounced off the support line, which originates in November 2020. Now we can see that the price is going down. Also, pay attention to the fact that during the decline, the price lingered at the level for some time and was not able to break through it the first time. But still the price managed to do it.
As I said, on November 27, the price was able to bounce off the support line and start moving up. Having reached the resistance line, the price began to decline and reached our support line. The price bounced off the line a little and began to grow. I expect that the price will continue this upward movement and be able to reach the level.📈
Outlook: Expecting LITECOIN to recapture its $93.159 high and beyond. Breaking above $86.970; [Wave (X)] is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis: The break above $93.159 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the next upside hurdle. The bulls are in control while $64.602 - [Wave ii] - stays intact as support.
Bottom Line: A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note:Prices can vary between LITECOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.