We are right at the monthly support level if it can hold this we can for sure see a move up to break the current weekly resistance.
Worst case scenario we break the monthly support and retest the previous levels.
I'm Bullish on this old baby girl.
Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology.
after the last pump and dump, it has been showing off the interest of people in it.
Get you some my targets are 152-155-160-170-180-210.
#LTC formed a local support zone at $170 - $172.
Now is trading over that zone. If price hodl the hodl then we can expect a push till $185 - $187.
One another scenario can be it will break the zone and dump till the major support zone is drawn.
That's a good zone for buying opportunity 💪.
#Bitcoin is also not looking good for an up-move
This is negated if btc crushes thru 50k next week.
basic supply/demand zones. i think falling to the first demand zone then bouncing is most likely. After that I feel like BTC could go thru 50k and LTC could follow with it. Again, I'm just learning i would take all my ideas w a grain of salt
The pattern is repeating toward the same support. That indicate a possible correction.
In the main time trading at the level would be considered while checking for resistance.
If the scenario is Hodling strong the bullish form will take place.
Have a great week ahead.