In my previous Litecoin analysis I said that after finding a strong floor around 100 figure, Litecoin can rise and challenge 120-125 zone resistance.
Indeed, after breaking above consolidation's resistance at 116, LtcUsd accelerated its gans and reached 130 zone, above the mentioned target.
Now a small correction seems to be on cards and this can be a good opportunity to open long trades.
Bulls can target the next resistance at 140 and a drop under 120 would negate this scenario
Indeed, after breaking above consolidation's resistance at 116, LtcUsd accelerated its gans and reached 130 zone, above the mentioned target.
Now a small correction seems to be on cards and this can be a good opportunity to open long trades.
Bulls can target the next resistance at 140 and a drop under 120 would negate this scenario
Note
Target hit
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🎯 Want More Trading Ideas?
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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.