Quick update from my previous Litecoin analysis, after it 1st touched the 2-year valley at $171.55 and rejected off it, LTC came back down and retested $145, which was the 2019 swing high level.
From here, LItecoin was consolidating between the $145 - $159 level before continuing its move upwards for the next breakout towards $171 - $183.
Going long if this 4-hour candle can close above $159, this sparks the bullish momentum again towards these TP levels:
TP1 🎯 $171.55
TP2 🎯 $183.81
From here, LItecoin was consolidating between the $145 - $159 level before continuing its move upwards for the next breakout towards $171 - $183.
Going long if this 4-hour candle can close above $159, this sparks the bullish momentum again towards these TP levels:
TP1 🎯 $171.55
TP2 🎯 $183.81
Comment:
A closer look on LTC on the 30-minute TF, this is an obvious upwards pattern that after scam wicking down and up, Litecoin has spent time capitulating. From here, I can see the $171 level hitting relatively soon
