🔥 Litecoin Regaining Lost Ground: Bullish Outlook
In my previous LTC analysis I argued that LTC was one of the major crypto's who simply being left behind when it comes to gains. Volatility and volume were low, which lead to a long phase of consolidation.
With this morning's break of the channel resistance, LTC is regaining lost ground quickly, making it one of the top gainers of this morning. Previous resistances now function as major supports.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
With this morning's break of the channel resistance, LTC is regaining lost ground quickly, making it one of the top gainers of this morning. Previous resistances now function as major supports.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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