Like a lot of coins, also Litecoin is pressing in an important support
This support is too obvoius for me to believe in it and I expect a breakdown
80usd zone can be the target for bears and only from there I expect a genuine rally
Price formed a clear triangle. I'll open a long position only in case when the price will make squeezing, breakout, and retest. Set an alert and wait for realization.
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Also Litecoin recovered after the deep selloff in the crypto market and after a low of 120 is trading now at 180.
In my opinion, a new leg up is in cards for this coin and dips towards 150 should be bought.
130 is now support and must remain intact for this scenario to be valid
Also in Litecoin case, the correction seems to be over, with the price not being able to drop under 200 important figure during the selloff.
Now LtcUsd is trading comfortably above 240 important support and I expect continuation to the upside once this consolidation is over.
Dips towards 240 should be considered a good opportunity for bulls to open long trades...
Welcome to my new idea. In this idea i am looking that litecoin has broken the descending channel in a big uptrend ascending channel and have touched the bottom of ascending uptrend channel. Now it's time for making it's ath but wait first it will have to breakout the resistance above it mentioned in the chart as red horizontal line. After it's...
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🎯Target 1: 282$
🎯Target 2: 330$
🎯Target 3: 410$
check out out previous prediction for LTC in the related idea below ... it just moving on it !!
what happened that after breaking the diagonal dashed resistance line , price reached first target n then tested the same resistance line again as a support
and as we can see strong rebound right now which means that previous resistance flipped to strong support...
Structures are pretty similar if you compare it with september fall
Just overlayed the fractal and we get a price target of about 1400USD
which is also respecting fibs if we overlay fib from 22USD to 380USD (most exchanges mark LTC top as 380 so took this as median level)
THis is not investment advise