Litecoin
Long

Litecoin | Start of the Next Bull Cycle

350
Litecoin is just starting or about to start its next bull run cycle.

We know it's bottomed out because this green uptrend was drawn on a weekly timeframe that connects the bottom of the previous 3 starts of uptrends before a bigger move.

Anyways, we seem to finish the bleed from the move up to $139 back to where we started at around $45.

This is confirmed by the uptrend holding this level, almost squeezing price between that and the $45 support marked in red.

From here we should either see a violent spike up in price, or accumulation above the $45 support until we have a violent spike up in price.

I don't need any indicators to tell me what's about to unfold either, this is the science of trading.

As always please do your own research, I am not a financial advisor.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.