A little while ago I made an analysis on Litecoin and the potential future moves.
In the analysis above I argued that LTC was either going to move up or correct downward. The corrections happened and was more intense that initially anticipated.
Whereas I thought that we'd see a minor correction to the $190-$200 area, we went much further and almost hit the major $160 support.
As it looks now, we're in a period of consolidation. I've marked two areas of support / resistance on the chart, we're likely trading inside this area for the coming days.
Most bullish scenario would be a daily close above $200 in the near future. This might be the signal for a completed reversal. Target: $230.
Happy trading!
In the analysis above I argued that LTC was either going to move up or correct downward. The corrections happened and was more intense that initially anticipated.
Whereas I thought that we'd see a minor correction to the $190-$200 area, we went much further and almost hit the major $160 support.
As it looks now, we're in a period of consolidation. I've marked two areas of support / resistance on the chart, we're likely trading inside this area for the coming days.
Most bullish scenario would be a daily close above $200 in the near future. This might be the signal for a completed reversal. Target: $230.
Happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publications connexes
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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.
🎯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
Publications connexes
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.