Two weeks ago I made a post about the fact that Litecoin broke through a multi year wedge, showing strong bullish momentum. Since then, Litecoin managed to hit the first target of $85, resulting in a 40% return in a mere two weeks!
Bullish momentum is still very strong, my take would be that it will remain so for the coming months. However, Litecoin has seen a tremendous growth without a stop. Traders will need to blow off some steam and take some profits soon around the current price, Resistance 1. In doing so, I see the price falling towards the support zone. In this support zone traders will buy in again, launching the price back to Resistance 1 ($85) and most likely blast through the resistance towards the $100 price mark and later to Resistance 2 around $145.
Litecoin is back in business!
Bullish momentum is still very strong, my take would be that it will remain so for the coming months. However, Litecoin has seen a tremendous growth without a stop. Traders will need to blow off some steam and take some profits soon around the current price, Resistance 1. In doing so, I see the price falling towards the support zone. In this support zone traders will buy in again, launching the price back to Resistance 1 ($85) and most likely blast through the resistance towards the $100 price mark and later to Resistance 2 around $145.
Litecoin is back in business!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.