Litecoin (LTC) LongTerm Chart Fully Mapped ($222.22 Next Target)

9 Jan 2021

I don't know if you looked at my previous chart for Litecoin, LTCUSD, but the view stays the same... You can find them below: tradingview.com/u/alanmasters/

A strong resistance level has been taken out last week which is the peak from June 2019.

This week we can easily appreciate strong bullish action.
The week is likely to end on a positive note.

The way things are looking, we are likely to experience even higher prices.

I've mapped the next potential targets for you on the chart above.

All the Fib. levels are "potential targets" but the ones marked with the magenta dashed lines are the stronger/most relevant ones.
The blue dashed lines are for support.

The RSI is hitting really high but not its highest yet.
Back in December 2017, when LTCUSD hit its ATH the RSI was higher.

This is a simple signal but can tell us that there is room for additional growth.

The MACD shows something similar.

Please hit LIKE and leave a comment with the altcoins/pairs you would like for me to look at next.

Thanks a lot for reading.

Namaste.