LitecoinLong
LTCUSDT breakout and re-test of 57.00 underway
Litecoin closed last week above 57.00 so I'd consider the breakout confirmed at this point. Also observably relatively performing well under recent volatility. Hence, I'm bullish right now and would buy this re-test if I see a nice bullish candle today.
As long as 57.00 holds on a WEEKLY CLOSING basis, I'd say we should see this targeting the next resistance level at around 64.00. Furthermore, a monthly close above 57.00 definitely improves the odds for the bulls (IMO) of a noteworthy rally in the short term.
Let's wait and see!
Check out the weekly chart below:
As long as 57.00 holds on a WEEKLY CLOSING basis, I'd say we should see this targeting the next resistance level at around 64.00. Furthermore, a monthly close above 57.00 definitely improves the odds for the bulls (IMO) of a noteworthy rally in the short term.
Let's wait and see!
Check out the weekly chart below:
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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.