Litcoin
Litecoin's Weak Revovery 😴Litecoin has recovered a bit in addition to the other cryptos but it still has a way to go. It looks weak with respect to ETH and BTC. We have rejected $160, a technical and psychological level. Currently, we are peaking above a vacuum zone between $184 and $200. The Kovach OBV is flat, so there is a chance we will reject $184 and perhaps get support from $174. Otherwise, anticipate LTC to feel out that range in a sideways correction before another breakout.
LITUSDTPrice formed a double bottom at the 50% fibonacci retracement price zone of the A-B impulse move before breaking through the $14.2800USDT resistance level.
Increased volume and upside momentum makes this look like a high probabilty trade with take profit levels the height of the double bottom which also sees confluence with the Febuary 14th upper trendline, and 161.8% fibonacci extension.
LTC Just Going To Moon ...#LTC USDT 4Hr.....✌
Trend Line Breakout & Trying To Break Also Previous Swing High. If Price Successfully Close Above 144$ . Then We Migh See LTC Gone Moon..
✅ Entry 👉 125 - 144
🎯 Sell TP 👉 163
🎯 Sell TP 👉 181
🎯 Sell TP 👉 201
🎯 Sell TP 👉 225
🎯 Sell TP 👉 255
✅ Buy & Sell At Your Own Risk.
✅ Buy & Sell At Your Own Risk.
LITCOIN The GOLDEN flying Bull($300 target bull pressure)Are you Ready? here is why you should be buying every pullback on Litcoin, While the regular W pattern usually continue a trend, the W-Bottom completely reverse or ends a trend. Litcoin has completely been reversed and you should not miss the next ride on his golden run about to take place. Thanks for watching
LTCUSD 1W Outlook $170 TargetLooking at the chart of Litecoin on the weekly timeframe, we can see that it's in a bullish trend that just broke out of a 2-year, almost 3 year, downtrend. The start of the downtrend was created at $171 with the second point being the swing high of the summer bull run in 2019. Since June 2019, Litecoin hasn't reached a higher high than that with the coin failing to even break above $80 until this week.
To get a glimpse of how strong this $80 level is, Litecoin tried in early 2020 to break $80 but got rejected all the way down to $25, then this month it tried 4 times to break through and couldn't until this week.
Now LItecoin not only broke through $80 but it broke through $95 too.
This does look like a big wick up on the weekly, but if we can see a wekly close of Litecoin above $95 that would be huge.
Moving upwards, the first level of resistance is $114 although that isn't the real resistance target. The $136 start of the downtrend and second point of the trendline is the real resistance level that Litecoin has to break in order to even think about hitting its previous all time high price.
Once Litecoin breaks through $136, the next valley created is $171. The $171 - $183 range for Litecoin is the last major level of resistance before it reaches its previous all time high prices.
Cheers
kyer