Hello everyone!
Litecoin like many other cryptos are doing pretty well while Bitcoin is resting near its ATH.
This is some simple trendlines and a channel, where you can see the support and resistance. When it hits the top lines it is bearish and when it hits the bottom it is bullish.
Looking at oscillators and volume is advised in case it breaks above or below those lines.
Also 70$ will be psychological resistance and like we stopped near 58$, we could stop near 68$.
Litecoin like many other cryptos are doing pretty well while Bitcoin is resting near its ATH.
This is some simple trendlines and a channel, where you can see the support and resistance. When it hits the top lines it is bearish and when it hits the bottom it is bullish.
Looking at oscillators and volume is advised in case it breaks above or below those lines.
Also 70$ will be psychological resistance and like we stopped near 58$, we could stop near 68$.
Comment:
Litecoin stop earlier than expected at 64$. Now it is at 74$ and it has broken all resistance, but now we are at overbought territory. It has bounced and could go near 79$ to complete its third and final move up.