Mihai_Iacob

Litecoin- New leg up?

Long
COINBASE:LTCUSD   Litecoin
In my previous Litecoin analysis, I said that the structure for this coin is very bullish and we can have a rise towards 100 important figure in the medium term.
Indeed, after a very short-lived spike under 60, LtcUsd has risen and broke above 65 resistance which was also the resistance of an ascending triangle.
Acceleration followed and a top around 80.
After this top a correction was normal and, the Pin Bar from yesterday exactly at the beginning of November's top could signal a new leg up.
I expect continuation and Ltc back above 80 would bring confirmation for this.
My target remains unchanged, towards 100.
Only a daily close under 65 would change my bullish outlook.


🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.