ThawonP

LiteCoin Bullish Momentum Testing Weekly levels

Long
COINBASE:LTCUSD   Litecoin / U.S. Dollar
+Litecoin for a bit seemed to be lagging behind the other major pairs like BTC ,ETH,LINK etc.
+Anyone that has been watching or trading Litecoin knows that these 3 weeks we've seen some very interesting patterns.
+Right off the bat you can see that I have marked a bullish trend line that started back in March.
+Litecoin seem to lag behind its other pairs but as of recently it seems to have gained enough momentum to finally test higher highs and weekly resistances.
+Litecoin is also about to face its 276 day valley created in late February.
+Now the yellow weekly resistance I have marked down is at the moment is being tested.
+There are 2 predictions I have in mind.
+The first one being we will see a daily close above 72.25 and continue to go for the next Resistance which is at 79.45
+My second Prediction is we could see a pullback to the previous swing high which is marked at 68.5,accumulate between that level and retest 72.25 and then 79.45.
+With markets being so aggressive lately its hard to say and you can tell the market makers want you to fomo in.
+Fight the Fomo demon and wait for a retest
+Thanks for reading my TA on litecoin and remember traders Trade Smart Trade Less
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Comments

Easy Loot all these levels are to a Tee, press play wow
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