InvestMate|Litecoin Target $130💲

💲Litecoin Target $130

💲This time it's time for Litecoin, which in my opinion like the rest of the cryptocurrencies has a lot of upside potential.

💲Looking at the high buying interest in recent weeks. It's not hard not to get the impression that someone is intent on accumulating Litecoin at cheap levels.

💲Taking everything into account, it looks like we will go down from the current accumulation at $77 to once again test the support zone set by the 0.382 level of the entire upward wave from the bottom to the current peak.

💲At that point I expect a strong reaction from buyers. The zone has been respected many times in the past.

💲The target level where I see Litecoin in the coming weeks in case of an upside scenario is around the $130 level. Where is the resistance zone determined by the 0.236 level of the entire downward wave from the 2021 peak to the 2022 bottom.

💲Histogram MACD and RSI also lean towards an upward scenario in the long term.

💲The scenario I am playing out is to expect a test of the support zone and wait for a breakout to join the upside to the $130 levels. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💲*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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