FenzoFx—Litecoin continues its bullish structure, trading around $116.4 after forming a double bottom below $113.00. This move led to a close above the bearish order block at $117.00, reinforcing bullish sentiment.
Immediate support is at $112.10. If this level holds, LTC/USD may resume its uptrend, targeting the equal highs at $123.40.
However, if price declines and stabilizes below $112.10, the bullish outlook will be invalidated. In that case, Litecoin could consolidate toward the next support at $106.80.
Immediate support is at $112.10. If this level holds, LTC/USD may resume its uptrend, targeting the equal highs at $123.40.
However, if price declines and stabilizes below $112.10, the bullish outlook will be invalidated. In that case, Litecoin could consolidate toward the next support at $106.80.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.