Hello Friends ! I decided to publish this idea in connection with the 1st part of the development plan (the price reversal from the 220-229 zone, which was made before the correction.
I apologize in advance for the translation ,this is my 1 post for the EN community I hope you can understand the thoughts that I want to convey.
The expected target in the area of $ 400 by June-July ,I am sure the bullish cycle is not over yet and everything is just beginning for litecoin. at the moment ,the coin is at a crossroads, either we roll back to the 220-229 zone again and accumulate forces for momentum, or we go up from the current ones. In any case, my advice is to keep this asset in the portfolio ! I also want to draw your attention to the situation in the pair with bitcoin, this asset has not updated the 2017 loy. The asset is in the accumulation range of 0.003447-0.005275, as soon as it is fixed above, we can expect an attempt to break through the trend resistance and, accordingly, the implementation of the litecoin plan, and perhaps even exceeding $ 400 is not the final goal in this cycle. The rounding of the trend in the pair towards bitcoin and USDT hints at the possible formation of a cup pattern.
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1D timeframe screenshot
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from the moment of publication +19%
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+45% they descended to the upper limit of the expanding channel and gave an impulse earlier than expected