kyer

LTCUSD Reversal Upwards to $262

KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Looking at LTC on the 4-hour time frame we can see that on the most recent pump it didn’t have quite enough strength to reach the $262 TP level like I had hoped, so it found the closest level of support to bounce off of which was $171.55 - $183 accumulation zone of the previous local high created in January.

From here, Litecoin looks like its going to hit the $218 level of resistance placed at the 2018 high. If Litecoin turns this level of resistance into support, its going to hit the $262 target once and for all.

This is going to take some time to reverse, i’m not expecting it right away. However, it is very clear to note that Litecoin looks like its done dumping because on the scam wick on the 22nd and the following dump down, it has respected support and continued to hold the long term uptrend.
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Comments

Top 🔥👍
+2 Reply
kyer MoneyMakerTrade
@MoneyMakerTrade Let’s go 💪🏻
Reply
Clean chart great read
+2 Reply
kyer ThawonP
@ThawonP thank you brother 🙏
Reply
Very cool view, thanks for sharing
+2 Reply
kyer ForecastCity_World
@ForecastCity_World thanks 🙏
Reply
Any thoughts on how far up the 1HR can carry us tonight, with respect to the 4HR?
+1 Reply
kyer LTCBagHODLR
@LTCBagHODLR, I think we bottomed
Reply
Excellent analysis. thank you for sharing
+1 Reply
kyer abel11
@abel11, No problem thank you
Reply
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