Litecoin may breakout soon.
Aggiornato
Fundamental overview:
currently the whole market except of some alt's is in a sideways/upwards trend while BTC is moving sideways for months.
On the following Analysis I will combine serveral strategies to give you a clear proof for my prediction.
Technical Overview:
In the coming days, we expect that the price will raise, this is due to the cup & handle pattern you can see on the 4h chart.
With the pattern litecoin experienced a breakdown following by a breakout.
All explainations are visible in the image.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
currently the whole market except of some alt's is in a sideways/upwards trend while BTC is moving sideways for months.
On the following Analysis I will combine serveral strategies to give you a clear proof for my prediction.
Technical Overview:
In the coming days, we expect that the price will raise, this is due to the cup & handle pattern you can see on the 4h chart.
With the pattern litecoin experienced a breakdown following by a breakout.
All explainations are visible in the image.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Nota
elon musk detroyed chance for good long positions let's wait for a new bottom or bullish patternNota
you saw a retest on the supportline we were breaking through now became resistance, however, as before Litecoin may break through it on the next retest and we hopefully see the 400+ again
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