Litecoin $LTCUSD Long Term Target PTs 350-600 and higher
LTC/USDT
Litecoin (LTC) flipped the breakout level at $246.96 into support on April 11 and 12. This reignited buying from the bulls and the altcoin resumed its uptrend on April 13. The next target objective to watch on the upside is $307.42.
The 20-day EMA ($227) is rising and the RSI is close to the overbought territory, suggesting the bulls are in command.
However, the long-legged Doji candlestick pattern today shows indecision among the bulls and the bears. If the price slips below $255, the LTC/USDT pair could drop to the $239 to $246.96 support zone.
A strong rebound off this zone will suggest the bulls are accumulating on dips while a break below it could drag the price down to the 20-day EMA.
Litecoin (LTC) flipped the breakout level at $246.96 into support on April 11 and 12. This reignited buying from the bulls and the altcoin resumed its uptrend on April 13. The next target objective to watch on the upside is $307.42.
The 20-day EMA ($227) is rising and the RSI is close to the overbought territory, suggesting the bulls are in command.
However, the long-legged Doji candlestick pattern today shows indecision among the bulls and the bears. If the price slips below $255, the LTC/USDT pair could drop to the $239 to $246.96 support zone.
A strong rebound off this zone will suggest the bulls are accumulating on dips while a break below it could drag the price down to the 20-day EMA.