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Mihai_Iacob
Jan 25, 2022 4:31 AM

Litecoin can rise 15-20% Long

Litecoin / United States DollarCoinbase

Description

Litecoin held pretty well during yesterday's selloff and the coin couldn't drop to make a new low, instead confirming that bulls are very strong under 100 figure.
At this point, we can speculate that a double bottom is forming on short time frames, with the neckline at around 110.
In my opinion, dips towards 100 should be bought and, with the pressure lifted from the sell-side in the crypto market, a break above the neckline is very probable.
Short term traders can target 125 resistance for their buy orders and negation comes with a drop under 95
Comments
CryptoSlayerFX
I thought a lot about this play and pulled the trigger , nice job man
TradePlus-Fx
Solid
InkyGrip
Thanks for sharing, the pullback is coming!
yonsfx
Nice job
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