FenzoFx—Litecoin remains in a bullish channel, with the current wave originating from the order block at $115.2. LTC now trades around $121.7.
Yesterday, it swept liquidity above the $124.2 resistance, signaling a potential shift toward bearish pressure. If momentum fades, price may revisit the $115.2 support zone.
However, if LTC/USD closes above $124.2, this bearish outlook is invalidated. In that case, the next target is the order block with resistance at $129.1.
Yesterday, it swept liquidity above the $124.2 resistance, signaling a potential shift toward bearish pressure. If momentum fades, price may revisit the $115.2 support zone.
However, if LTC/USD closes above $124.2, this bearish outlook is invalidated. In that case, the next target is the order block with resistance at $129.1.
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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.