Litecoin, Since Breakout Emerged, How Continuations Develop!

2021年4月2日

Hi my friends,

Welcome to this update-analysis about Litecoin, we are looking at the 4-hour timeframe perspective. As Litecoin shown up with the bearish downside price-action and moved into the lower supports to bounce there properly to the upside it has developed some further interesting signs I discovered, if you did not see the former analysis already I highly recommend it to watch to have a full-depth-overview. Now as Litecoin managed the breakout above the boundary it is important to elevate what is possible and what is not possible, mainly it is necessary to distinguish Litecoin from other important cryptocurrencies as not every is building such structures, therefore I detected all the important levels and likely destinies.

As when looking at my chart now we can watch there how Litecoin since it moved above the descending-resistance shown up with this bullish volatility testing previous resistance at the 208 level, this is also a zone where a pullback to the downside initially is likely that will move on to test lower levels of support. In this case, Litecoin has some solid supports within the blue back-up-cluster marked in my chart, when Litecoin manages to bounce within this zone bullishly to the upside it will be the origin of wave C to emerge. When this wave C finally closes above the 208 USD resistance it will be the further set-up with indicated bullishness ahead. For now, it will be important to elevate how Litecoin approaches the remaining supports and how it bounces from there.

Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the market.

2021年4月2日

ノート

Origin-Analysis:

2021年4月2日

ノート

Former-Analysis: