Litecoin is currently testing minor resistance at 52.86. A break above here will indicate that we have seen a bottom with the test of 48.41 and a new test of strong resistance at 55.94 is developing. A break above this resistance will indicate a more important low has been seen and a test of the neckline resistance of the S/H/S at 64.41 is developing. To confirm a long-term low being in place, we need the neckline at 64.41 to be broken as this opens up the upside for a much strong rally towards 97.38 and above.
Relevance up to 06:00 2022-10-18 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
