kyer

LTCUSD Bottomed Out Along 2-year Valley

Long
KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Looking at the 12-hour time frame of Litecoin, i'm seeing a clear bottom out along $171 (2-year valley support created in 2017). At the moment, LTC is accumulating in the $171 - $183 zone and will continue accumulating in that zone until it moves back up.

My targets moving forward after Litecoin finds a stable support above $183 are:

TP1 🎯 $194.75
TP2 🎯 $218.80
TP3 🎯 $262

I’m expecting Litecoin to hit the TP3 (weekly resistance) around the end of this month, if not going into the start of July. It’s going to take a bit of time to reverse, but this is the bottom. Especially when time moves forward and we start to gain momentum back up as LTC regains this channel around $218, that’s whats going to solidify the bullish momentum.

As always please do your own research, I am not a financial advisor.

Comments

Nice work
+1 Reply
@James_mesut Thank you, cheers
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Getting ready for another big move while BTC is looking bullish today. Thanks for sharing your idea.
+1 Reply
kyer PolarHusk
@PolarHusk, Yes LTC is gearing up for another huge wave up. Thank you!
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