🔥 Litecoin In A Huge Horizontal Channel
LTC was huge last cycle. This cycle, not so much. However, that doesn't mean that we can still scout decent entries for it.
When looking at the LTC chart, we can clearly see that it's trading between two key areas (purple). Since we can safely assume that the current bull-cycle is on its last legs, I reckon that LTC is falling all the way towards the bottom support area, from $25 to $20.
Reaching this area could very well indicate that this coin has bottomed out and that we're in for more upside potential.
Till then, be patient for LTC to reach the designated area.
When looking at the LTC chart, we can clearly see that it's trading between two key areas (purple). Since we can safely assume that the current bull-cycle is on its last legs, I reckon that LTC is falling all the way towards the bottom support area, from $25 to $20.
Reaching this area could very well indicate that this coin has bottomed out and that we're in for more upside potential.
Till then, be patient for LTC to reach the designated area.
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