LITECOIN (LTC/USD) - Is On The Upwards Channel & The Targets
Litecoin is flying after the third touch from the major counter trendline! If we watch the top 10 altcoins then LTC is one of the top gainers.
Currently, the price is on the upwards channel with very nice and clean higher highs and higher lows! It has breaked above the round number $60 and above the blue line which was a resistance.
To talk about further resistances then there is the minor trendline and the round number crossing area! Like You already know then those crossing areas are always harder to beat and we have to watch it closely!
Above the $70 we have the strong levels with very low gaps! In this are we have several monthly lows and even weekly supports and resistances, so, if the rally continues then thos areas are on the target list but firstly we have to break above this channel upper trendline which currently works as a resistance.
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
If You want to get deeper analysis and crypto-news then please visit our site, the link is on the profile!
Please, don't forget to hit the LIKE button to support us!
Best regards!
Currently, the price is on the upwards channel with very nice and clean higher highs and higher lows! It has breaked above the round number $60 and above the blue line which was a resistance.
To talk about further resistances then there is the minor trendline and the round number crossing area! Like You already know then those crossing areas are always harder to beat and we have to watch it closely!
Above the $70 we have the strong levels with very low gaps! In this are we have several monthly lows and even weekly supports and resistances, so, if the rally continues then thos areas are on the target list but firstly we have to break above this channel upper trendline which currently works as a resistance.
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
If You want to get deeper analysis and crypto-news then please visit our site, the link is on the profile!
Please, don't forget to hit the LIKE button to support us!
Best regards!
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