Hello traders, As you can see Litecoin is trying to hold above its support levels at around $53.5. We still need a commitment from LTC to at least make us a higher high. Target $70 is still valid, however, I'm neutral on this coin until it gives me more information. Happy trading! - Abdulla
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$53.5 still acting as the support - lets hope we see a breakout of the current structure.
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BAM ! Breakout of the structure - Target $70 as mentioned above
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First target reached - $60. We should see $70 soon.
Would the only thing that invalidates this trade be a 53.5-54.5?
JoshuaVanier
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Excuse me, Would the only thing that invalidates this trade be a candle close below 53.5-54.5?
RektChikun
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Thanks for the chart. Very helpful
RBmooney
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Great analysis as always, thanks.
Trader6127
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On a bigger TF it looks to have breached an uptrend line. Also, I usually reference the LTCBTC chart when trading this pair for added accuracy. Cheers!