Turning to the 1D chart, we see that the LTC price has been in a strong bullish trend in the past few weeks. At the same time, it has formed what looks like a bullish flag pattern. This pattern tends to be a bullish signal in price action analysis. It has also formed what looks like an inverted head and shoulders pattern.
Therefore, the Litecoin price will likely break out higher as bulls target the key resistance at $250. On the flip side, a drop below $150 will invalidate this view.
Therefore, the Litecoin price will likely break out higher as bulls target the key resistance at $250. On the flip side, a drop below $150 will invalidate this view.