AlanSantana

Litecoin Still Trades Above EMA10 | $100+ Still Possible As ...

Long
BINANCE:LTCUSDT   Litecoin / TetherUS
After 9 days of a new high being hit, Litecoin (LTCUSD) still trades above EMA10.
This is a possitive signal.

This signal is telling us that Litecoin is strong and undergoing bullish consolidation.

On a stronger correction, the 0.618 Fib. level can be tested at $68 or the 0.786 at $73.

If Litecoin continue showing this type of strength, it can resume its bullish move in a matter of days.

Even with a major correction (blue arrow), Litecoin would still remain bullish while aiming for a new high at $100+.

Namaste.

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