LITECOIN ready for its next move!
Litecoin is still currently moving sideways in a tight range on the weekly time frame which isn’t very common for such a long period of time.
Still fully expect and believe our next breakout will be to the upside. How much lower can we go, right? I have full faith especially when it comes to Litecoin. The low $50 dollar range for Litecoin has been holding strong. It’s acted as historical resistance in the past which is why it’s holding with such strong support.
Our downside risk compared to upside reward is an absolute beautiful risk to reward setup.
My first target is still the red box of resistance and yellow .236 fib level of $129 dollars.
What’s everyone think?
Still fully expect and believe our next breakout will be to the upside. How much lower can we go, right? I have full faith especially when it comes to Litecoin. The low $50 dollar range for Litecoin has been holding strong. It’s acted as historical resistance in the past which is why it’s holding with such strong support.
Our downside risk compared to upside reward is an absolute beautiful risk to reward setup.
My first target is still the red box of resistance and yellow .236 fib level of $129 dollars.
What’s everyone think?
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