LTC/USD : Zoom out on the 1W
Updated
On the weekly, seems like that Litecoin topped exactly at the fibo line and now bottomed exactly at the trend line of previous tops. Nice bounce.
Litecoin seems to follow trendlines, resistances and supports pretty good, so keep an eye on those to see where this is going.
This is not financial/trading advice. You are responsible with what you do with your own money.
Litecoin seems to follow trendlines, resistances and supports pretty good, so keep an eye on those to see where this is going.
This is not financial/trading advice. You are responsible with what you do with your own money.
Comment
Update: very good moves, Litecoin still following those trend lines300 USD can act as a support in case of a correction.
Otherwise, we can try to turn 350 as a support, or break the 370 USD resistance. If this scenario plays out, we will reach a new all time high, meaning Price Discovery time.
Trade closed: target reached
Congratulations, new ATH !We are now in price discovery. Congratulations to all the patient holders. It's time for the moon.
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