Let me start by saying that I am very pleased with how things are turning out for LTC!
Let me tell you my sentiment first. As long as the price is above 96$ I am the biggest buyer of LTC :D
We have formed a double bottom formation and broke through its' neckline with a nice pullback into it.
If we manage to stay above the purple line for another week, I think the price will see the top of the blue channel in short term. After that, I see a pullback to the top of the black fib channel and then a rally for the double bottom target which is at least 400$.
LTCUSDT
The RSI is standing at its' daily dynamic support line and the OBV has reached its' 50 MA which both are very strong supports that can cause sharp pivots.
WISH YOU THE BEST, MY FELLOW TRADERS,
CryptoZhozei!
Let me tell you my sentiment first. As long as the price is above 96$ I am the biggest buyer of LTC :D
We have formed a double bottom formation and broke through its' neckline with a nice pullback into it.
If we manage to stay above the purple line for another week, I think the price will see the top of the blue channel in short term. After that, I see a pullback to the top of the black fib channel and then a rally for the double bottom target which is at least 400$.
LTCUSDT
The RSI is standing at its' daily dynamic support line and the OBV has reached its' 50 MA which both are very strong supports that can cause sharp pivots.
WISH YOU THE BEST, MY FELLOW TRADERS,
CryptoZhozei!