Looking at the 2-hour time frame of Litecoin we can see that LTC is in a valley formed at $285 last month. From here, Litecoin found its bottom at the 2018 High for a retest of the $218 level.
Now Litecoin just regained the weekly resistance as support at $262, already backtested once, and now it looks like it wants to come up and hit $285.
After Litecoin gains the $285 level asa support its going to head upwards towards the monthly resistance at $312 and then ATH.
The level of resistance at $312 has already been 1st touched, which means the majority of the sell orders are wiped out and the traders are looking at a higher take profit price which will be the $349 level.
Simple as that, thanks for reading! Hope all of you are doing well and making money!
Easy Loot!!
Now Litecoin just regained the weekly resistance as support at $262, already backtested once, and now it looks like it wants to come up and hit $285.
After Litecoin gains the $285 level asa support its going to head upwards towards the monthly resistance at $312 and then ATH.
The level of resistance at $312 has already been 1st touched, which means the majority of the sell orders are wiped out and the traders are looking at a higher take profit price which will be the $349 level.
Simple as that, thanks for reading! Hope all of you are doing well and making money!
Easy Loot!!
