Litecoin broke the 70 resistance yesterday (as shown on my 4hr timeframe analysis) and will continue to rise to test the 82/99 resistance levels.
It's holding this price level very well and seems to be trading within this channel. I feel like it'll trade sideways for a few days; however, if it breaks the ascending channel upper resistance line, then it could go parabolic.
Good entry points would be now at 70, the break of 82, and the break of 99.
If it breaks at 99, then we can expect a new ATH -0.10% to un-chartered territories.
I am personally in a position in Litecoin aiming for new ATH. I am very optimistic on the coin and believe it can break 99 - however, it may take some time.
PS: If you saw this post earlier, I'm sorry for re-post! I just wanted to clean up the chart a little for you guys
DISCLAIMER:
Take this advice at your own risk. Good luck and happy trading everyone!
It's holding this price level very well and seems to be trading within this channel. I feel like it'll trade sideways for a few days; however, if it breaks the ascending channel upper resistance line, then it could go parabolic.
Good entry points would be now at 70, the break of 82, and the break of 99.
If it breaks at 99, then we can expect a new ATH -0.10% to un-chartered territories.
I am personally in a position in Litecoin aiming for new ATH. I am very optimistic on the coin and believe it can break 99 - however, it may take some time.
PS: If you saw this post earlier, I'm sorry for re-post! I just wanted to clean up the chart a little for you guys
DISCLAIMER:
Take this advice at your own risk. Good luck and happy trading everyone!
Comment:
LTC may break the channel which could lead to a potential parabolic move upwards. Keep your eyes peeled!
Comment:
LTC looking great! Breaking through all resistances with ease.
It looks like it'll pullback a bit to the support of the bottom support line of the channel.