On the 4-hour chart, LTCUSD has formed a potential head and shoulders bottom pattern. Currently, watch for support around 79.6; a pullback that holds above this level could lead to further upward movement. Resistance is seen around 87.7, with a break above this level targeting the 94.2-97.5 area.
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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.