LTCUSD Still Reversing, Pump in April
Litecoin did not pump off the MimbleWimble news to $262 and instead rejected off of $218 before coming back down to hit the $183 level.
I'm expecting Litecoin to accumulate / consolidate along the $171 - $183 zone of support going long towards higher highs. This is going to take some time to reverse because LTC is still in the middle of reversing as we speak. It isn't going to go straight up right away and its going to take a bit of time.
Honestly I don't see Litecoin moving until next week when we see the new monthly and quarterly candle, which is next week at the start of April.
Levels of re-entry should be around the $171 - $183 zone along the topside of the channel and from here, LTC should regain the 2018 high as a level of support and finally wick the weekly resistance at $262.
LTC has been the slowest of the movers alongside the likes of BCH during these past few months of the bull market and definitely has been a sleeper. As always, Litecoin is going to continue moving slow into April until it eventually pumps and breaks out of this $183 - $218 nightmare range.
Thank you for all your continued support and as always please do your own research! 🔬
I'm expecting Litecoin to accumulate / consolidate along the $171 - $183 zone of support going long towards higher highs. This is going to take some time to reverse because LTC is still in the middle of reversing as we speak. It isn't going to go straight up right away and its going to take a bit of time.
Honestly I don't see Litecoin moving until next week when we see the new monthly and quarterly candle, which is next week at the start of April.
Levels of re-entry should be around the $171 - $183 zone along the topside of the channel and from here, LTC should regain the 2018 high as a level of support and finally wick the weekly resistance at $262.
LTC has been the slowest of the movers alongside the likes of BCH during these past few months of the bull market and definitely has been a sleeper. As always, Litecoin is going to continue moving slow into April until it eventually pumps and breaks out of this $183 - $218 nightmare range.
Thank you for all your continued support and as always please do your own research! 🔬
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