LTC looks BULLISH here.
Litecoin has been quiet over the last couple weeks, as other altcoins and even Bitcoin have surged. But we see that money flows are finally starting to enter LTC again.
We had a false breakdown below that long term trend line from 2017 highs. Now we are breaking back into that December consolidation range between the all time highs at 380 and those flash clash closes from December 22 at around 250.
After trying to breakdown below that blue 200 moving average, we held support and now a nice squeeze over the last day back into that consolidation rnage.
If we can hold this bull flag, we should break out to the upside. Targets are Fibonacci retracements:
Take some profits off the table at each step!
T1: 310
T2: 380
T3: 453
Support my work by following me!
Berlin Trader
Litecoin has been quiet over the last couple weeks, as other altcoins and even Bitcoin have surged. But we see that money flows are finally starting to enter LTC again.
We had a false breakdown below that long term trend line from 2017 highs. Now we are breaking back into that December consolidation range between the all time highs at 380 and those flash clash closes from December 22 at around 250.
After trying to breakdown below that blue 200 moving average, we held support and now a nice squeeze over the last day back into that consolidation rnage.
If we can hold this bull flag, we should break out to the upside. Targets are Fibonacci retracements:
Take some profits off the table at each step!
T1: 310
T2: 380
T3: 453
Support my work by following me!
Berlin Trader
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Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591