#Litecoin Is Up 2X from June 2022 Lows, Up Next $130?
Past Performance of Litecoin
After dropping to as low as $40, Litecoin prices have more than doubled in the past seven months. The coin is up 125 percent from H2 2022 lows and galloping higher in a bullish breakout formation.
#Litecoin Technical Analysis
Traders are upbeat, but the uptrend, like what has been happening across the board, has been labored. Notably, LTC has resistance at around $92, marking January 20 high. On the lower end, support is the flexible support line, or the middle BB, and $80. As long as prices are above $80, every low from spot rates, below the middle BB, will be a retest, allowing for possible accumulation. In that case, traders might target $90. Further gains above $92 will open up LTC for March 2022 highs of $130.
What to Expect from #LTC?
Buyers are in control. The current consolidation has formed a bull flag as the middle BB offers support while $92 caps the upside. Any surge, continuing H2 2022 gains, may see LTC rally to Q1 2022 territory.
Resistance level to watch out for: $92
Support level to watch out for: $80
Disclaimer: Opinions expressed are not investment advice. Do your research.
After dropping to as low as $40, Litecoin prices have more than doubled in the past seven months. The coin is up 125 percent from H2 2022 lows and galloping higher in a bullish breakout formation.
#Litecoin Technical Analysis
Traders are upbeat, but the uptrend, like what has been happening across the board, has been labored. Notably, LTC has resistance at around $92, marking January 20 high. On the lower end, support is the flexible support line, or the middle BB, and $80. As long as prices are above $80, every low from spot rates, below the middle BB, will be a retest, allowing for possible accumulation. In that case, traders might target $90. Further gains above $92 will open up LTC for March 2022 highs of $130.
What to Expect from #LTC?
Buyers are in control. The current consolidation has formed a bull flag as the middle BB offers support while $92 caps the upside. Any surge, continuing H2 2022 gains, may see LTC rally to Q1 2022 territory.
Resistance level to watch out for: $92
Support level to watch out for: $80
Disclaimer: Opinions expressed are not investment advice. Do your research.
