Litecoin Market Breakdown - July 30th, 2020
- Since the last Litecoin chart i've posted, we've called the bottom accumulation zone before this move up to a Tee.
- Litecoin usually leads the pack in terms of altcoin season just like it did in 2017, so the fact that Litecoin is sending it's regards to the rest of the coins while it's heading for the moon is a great thing
- At the moment, Litecoin is fighting to close over this monthly resistance at $56.33 which it is struggling to do. But once it does close over $56 and gain that level as support, the next target is $60-$63 distribution zone.
- TP2&3 are very important resistance levels because they are the gatekeepers of the price being kept down. What do I mean? These two resistance levels mark the start of the downtrend for the 'coronacircus' back in March.
- 1st TP 🎯 at $56.33
- 2nd TP 🎯 at $60.73
- 3rd TP 🎯 at $63.39
