VincePrince

Litecoin, Develops Decisive Channel, Upcoming Determinations!

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Hi,

Welcome to this analysis about Litecoin, we are looking at the 2-hour timeframe perspectives. Litecoin for a more or less long time has decently held its structure above the 145 level above which it bounced and now formed this descending-channel-formation with the coherent wave-count and the major waves A to C almost already completed. What is also interesting here is this local triangle-formation marked in orange in which Litecoin consolidates which can be a proper origin for a substantial breakout. When this happens and Litecoin moves above the upper boundary of the triangle it will be the source for further developments and finally a potential channel-breakout above the upper-boundary which will complete it as a bull-flag and show up with further continuations to approach the upper-target-zone marked in blue from where the situation needs to be elevated anew and if Litecoin continues further or firstly pulls back.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.
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