AlanSantana

✴️ Litecoin Next Target Mapped Series ($158 Next)

Long
KRAKEN:LTCUSDT   Litecoin / Tether USD
Two things mainly when looking at Litecoin.

The correction happened suddenly and strong but the same as it happened to all other pairs.

We can see Litecoin bouncing perfectly off the 0.618 Fib. retracement level for the entire bullish wave that started in June 2022.

We have the highest volume since November 2022.
If you remove the 3d candle from November 2022 then we have the highest buy volume since November 2021... This tells you everything you need to know.

Litecoin is gearing up, preparing, loading to go up, up, up.

The next target I see as $158.

A bit higher, maybe $167 or so before another correction, longer in duration than what we just saw.


This potential remains valid above the June 2022 low, almost impossible to negate and so we say Litecoin has high probabilities of continuing up.

Namaste.

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