FenzoFx—Litecoin’s bearish momentum eased after sweeping the $106.80 low in New York’s late PM session. The price is now stabilizing above the inverted fair value gap at $111.90.
While BCH and XRP surged yesterday, Litecoin lagged. However, equal highs at $114.30 and $123.30 suggest potential upside. LTC/USD could reach $116.30, and if buying pressure continues, a rally toward $123.30 is likely.
Note: The bullish outlook is invalidated if the price dips below $106.80.
While BCH and XRP surged yesterday, Litecoin lagged. However, equal highs at $114.30 and $123.30 suggest potential upside. LTC/USD could reach $116.30, and if buying pressure continues, a rally toward $123.30 is likely.
Note: The bullish outlook is invalidated if the price dips below $106.80.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.