CryptoPatel

Litecoin Ready for $600 as per "W" Pattern ?

Largo
BITSTAMP:LTCUSD   Litecoin
Litecoin Technical Analysis

#Litecoin is currently trading at $85.
As per the chart, I am expecting some upward movement before the #LTC halving, followed by a further downside move.
The maximum upward movement could be $130, while the downside move could reach $50.

A price of $50 would be a great buying opportunity for the long run or the next bull market.
The 3-week chart is showing a "W" pattern, and if this pattern repeats, we could see LTC reach a high of $500-$600 in the next bull run.

Support Levels:- $50
Resistance Levels:- $100/$130/$214/$275

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