🔥 Litecoin Bullish Triangle: Support Held!
Litecoin has been in a long-term bullish trend since the FTX drop back in November of last year. As seen on the chart, there's a strong diagonal support which keeps on holding and sending LTC upwards.
After the big drop a couple of days ago, the support has yet again not failed us. With a bullish reaction to the CPI I'm looking for a move towards the top resistance of the bullish triangle.
Too early to say whether we're going to break out from it. All we can see is that LTC looks like a decent shot for a long-position.
After the big drop a couple of days ago, the support has yet again not failed us. With a bullish reaction to the CPI I'm looking for a move towards the top resistance of the bullish triangle.
Too early to say whether we're going to break out from it. All we can see is that LTC looks like a decent shot for a long-position.
Comment:
Confirmed reversal. Next target at 100$.
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