Welcome to this analysis about Litecoin, we are looking at the 4-hour timeframe perspectives. Litecoin so far has managed to hold its structure and build somewhat above the 160 level, besides that I discovered a very interesting formation Litecoin is developing here which is this main descending-pennant-formation with the coherent wave-count within and the waves A to C already completed. Now recently Litecoin already made the breakout above the upper-boundary which is confirming the whole formation and activates upside-targets lying within the 198 level marked in blue, when Litecoin reaches these zone the situation needs to be elevated anew and if Litecoin manages to continue or firstly pulls back which will not be unlikely in this case.
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Information provided is only educational and should not be used to take action in the markets.