FenzoFx—Litecoin's uptrend started at $92.34 and hit a weekly high of $102.5, tested by buyers in today's Tokyo session. This resistance may be retested in London or New York.
The selling push at $102.5 left a long-wick candlestick but lacked strong volume, indicating buyers are still active. Today's range is 76% of yesterday's move, supporting this outlook.
Bearish View: LTC/USD remains bearish below $103.0. We expect a retest at this level during the London session before declining toward $99.0.
Invalidation: If LTC/USD closes above $103.0, the bullish target shifts to $110.0.
The selling push at $102.5 left a long-wick candlestick but lacked strong volume, indicating buyers are still active. Today's range is 76% of yesterday's move, supporting this outlook.
Bearish View: LTC/USD remains bearish below $103.0. We expect a retest at this level during the London session before declining toward $99.0.
Invalidation: If LTC/USD closes above $103.0, the bullish target shifts to $110.0.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.