LTC/USD - Two Scenarios

BITFINEX:LTCUSD   Litecoin / Dollar
Litecoin has been making a series of higher highs and higher lows recently. At the moment, it is consolidating a little after making a significant move higher yesterday. We can see something that looks like a bullish pennant to me right now.

I'm bullish on Litecoin but there are two likely paths it can take to reach its target price ($360). First, if it manages to stay above $270, we are likely to see another strong impulse leg up. However, it can also retrace back to $245-$255 and then move higher again. This would not invalidate its recent uptrend.

Let's wait and see! Thanks, feel free to share your thoughts!
Komen: I just wanted to add that we are now in a situation where the whole market is selling off. This can be a place for buying but only if we get reversal signs. It's prudent to watch BTCUSD because LTCUSD is currently mirroring Bitcoin price action. And we can fall lower if this level does not hold.
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar