Bitcoin_Analyzer

#Litecoin Completes Retest, #LTC Bulls Aiming for $135

Long
BINANCE:LTCUSDT   Litecoin / TetherUS
Past Performance of Litecoin
#LTC prices are firm on the previous trading day and on the cusp of closing above the middle BB. From the LTC candlestick arrangement in the daily chart , sellers still have control from a top-down analysis. Even so, the close above last week's highs and $115 may reinvigorate determined buyers targeting $135—or better in the short-term.

Litecoin Technical Analysis
Technically, the correction of early April 2022 constituted a retest following an impressive breakout formation in mid-March 2022. Based on the formation in the daily chart , it is highly likely that #Litecoin prices may float back to March 2022 highs. Accordingly, aggressive LTC traders may buy on dips provided prices are above $100 as they target $135. Such a move would reaffirm buyers of mid-March and possibly set the foundation for another leg up towards $150 in the medium term.

What to Expect from LTC?
Buyers are shrugging off sellers and solidifying their position reading from the development in the daily chart . A sharp close above $120 may draw more buyers, driving the coin towards March 2022 highs.
Resistance level to watch out for: $120
Support level to watch out for: $100


Disclaimer: Opinions expressed are not investment advice. Do your research.
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