Litecoin to $32 next

-I can see this coin going to $32 fairly quick if this were to be the end of W4 and the start of W5. If price were to go through the (blue resistance line) then we will adjust the chart. Rejection has already happened at this line so we should expect downside coming. This downtrending channel has been going on since 2021 and is more than likely going into 2024. Once W5 is complete we should be able to capture plenty of gains, but we have to stay patient.

I would not be a buyer of this coin.