After 9 days of a new high being hit, Litecoin (LTCUSD) still trades above EMA10.
This is a possitive signal.
This signal is telling us that Litecoin is strong and undergoing bullish consolidation.
On a stronger correction, the 0.618 Fib. level can be tested at $68 or the 0.786 at $73.
If Litecoin continue showing this type of strength, it can resume its bullish move in a matter of days.
Even with a major correction (blue arrow), Litecoin would still remain bullish while aiming for a new high at $100+.
Namaste.
This is a possitive signal.
This signal is telling us that Litecoin is strong and undergoing bullish consolidation.
On a stronger correction, the 0.618 Fib. level can be tested at $68 or the 0.786 at $73.
If Litecoin continue showing this type of strength, it can resume its bullish move in a matter of days.
Even with a major correction (blue arrow), Litecoin would still remain bullish while aiming for a new high at $100+.
Namaste.
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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.