LTCUSD - The big picture (log scale)

22. März 2021

Looks like we're about to retest the support level at 180$ (55 EMA). At the same time we're not far away from the temporary resistance at 240$. If we break through it and find new support we might have another big leg up. Also google trends shows me that the interest for "litecoin" is by far not even close to the ath from 2017. So all in all I'm bullish on this one and I do think 600$ and more are possible targets. However if we can't hold 180$ get ready for a correction. It's my first technical analysis so plz don't take it is a financial advise.