LITCOIN IS IN A MAJOR HISTORICAL TR
Litecoin technical analysis
One of the noisy currencies of the past days is Litecoin, which grew by nearly 70% in less than 1 month. Litecoin is fluctuating between the price range of $65 and $100 in the daily time frame. Considering the few days left until the halving for this coin, if the ceiling of the trading range is broken, we expect to move up to the resistance area of $130 and $162.
Otherwise, in the short term, Litecoin can move towards the support area of the floor of the trading range, i.e. 65 to 70 dollars. Considering that the trading range shows the indecision of traders, you should wait for the right opportunities to enter the trade in the case of a break. be the roof or floor of the channel.
Major supports: $70 and $65
Major resistances: $100 and $115
NFA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.