Hi,
Welcome to this analysis about Litecoin, we are looking at the hourly timeframe perspectives. Litecoin after moving severely to the downside managed to bounce in the structure and has already shown up with some initial up-moves that can indicate further developments. Besides that Litecoin has formed this descending-channel-formation with the coherent wave-count within and is likely to form the breakout above the upper boundary. When this happens it will be the origin for the further continuations to the upside and Litecoin will move on to test the upper-resistance-level marked in my chart at the blue zone, after that, it has to be elevated if Litecoin moves on further bullishly or firstly shows up with a reversal testing lower levels.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about Litecoin, we are looking at the hourly timeframe perspectives. Litecoin after moving severely to the downside managed to bounce in the structure and has already shown up with some initial up-moves that can indicate further developments. Besides that Litecoin has formed this descending-channel-formation with the coherent wave-count within and is likely to form the breakout above the upper boundary. When this happens it will be the origin for the further continuations to the upside and Litecoin will move on to test the upper-resistance-level marked in my chart at the blue zone, after that, it has to be elevated if Litecoin moves on further bullishly or firstly shows up with a reversal testing lower levels.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.