Litecoin has almost completed its downtrend cycle, bottoming out at $121 and is on the path to continuing its uptrend making new higher highs.
Just recently, Litecoin hit $171 and is now heading towards the local high at $183. From here, a close over the local high resistance turned support would send the price of LTC to $218, which is the 2018 swing high level created after the bull run where Litecoin almost hit $400.
Just recently, Litecoin hit $171 and is now heading towards the local high at $183. From here, a close over the local high resistance turned support would send the price of LTC to $218, which is the 2018 swing high level created after the bull run where Litecoin almost hit $400.
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Looking at the daily time frame of Litecoin we can see that the price found support along the $183 level of resistance (local high) going long towards $218 (previous 2018 high). After $218, the next long target that I have placed is $260
