Litecoin, Manages Initial Bounce, Potential Breakout Incoming!

Hi,

Welcome to this analysis about Litecoin, we are looking at the 45-minute timeframe perspectives. The main support Litecoin developed that I mentioned already in the former analysis realized and Litecoin managed to bounce in this support marked in blue, this was the completion of the ABC-wave-count and since it finalized Litecoin initially bounced to the upside testing the upper-boundary of the descending-channel. Now, when Litecoin continues to stabilize further in the channel to gain the proper edge for a breakout this can finally establish with Litecoin moving above the upper-boundary and closing there which will be the proper setup for further continuations to develop. For now, it will be important how Litecoin possibly shows up with further stabilization.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the market.