Since 2017, Litecoin COINBASE:LTCUSD has been ranging with a top at 325ish dollars established in 2017 and a bottom at 25ish dollars established in 2018.
Two important things:
1) There was a failed attempt at a breakout to the upside in 2021.
2) Chart is wickless to avoid unnecessary noise, but you should know that a wick touched the bottom in 2020 (covid...
BTC broke above the trend line during the run to 60k+. It is now testing it. This could mean that we reached the bottom before a new big run.
If we break hard below, we may range (upward) between 12k and 30k. It seems unlikely to me.
This is not financial/trading advice. You are responsible with what you do with your own money.
Seems like the tweets of Elon Musk made us fly back below 370 dollars.
Good bounce around 300 USD. RSI back to 50ish, upward potential. Daily candles trend still upward.
This is not financial/trading advice. You are responsible with what you do with your own money.
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.
