The chart highlights simple pattern recognition. The "You are here" arrow shows a simililar structure to the current market conditions. Expecting LTC to gain momentum this weekend into next week and push into the 300's by April.
The current price is 200.96, and today could be the last chance to buy Litecoin at $200.
The current price is 200.96, and today could be the last chance to buy Litecoin at $200.
Note
The 0.5 Fib at 191.54 has established itself as support twice (March 16th and March 21) to form a W reversal (double bottom). If buying pressure breaks 206+, we could see the price run back above 245.
A break below 191.54 would likely be a BRIEF retest of 178 - 180
Note
Nice bounce off the 0.618 Fib, as well as our GREEN trendline. Note
Watching LTC closely tonight. Momentum looks strong but we need to push past 275 tonight in order to reach 300+ without a retrace.Trade active
LTC/BTC pair is just getting started. If you aren't in LTC already, wait for another opportunity to buy on the 4h and load upTrade closed: target reached
Price has reached our upper trendline. We could see a retrace from this level.
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Related publications
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.