📊 Litecoin in a good zone to BOUNCE BACK?
Litecoin (LTC) is in a primary bullish trend on a weekly basis and is currently in a correction phase. But with the return to the support at $50, the bulls could regain the advantage!
👉 sector: Layer 1
👉 weekly situation: primary bullish trend and in correction for several months
Now let's move to technical analysis:
➡️ bullish signal: maintain support and $45 at close + bounce beyond moving averages (EMA13/MA30) + close above $85 + bullish momentum (break of the trendline on the RSI)
➡️ possible targets: $160 / $236 / $445
➡️ invalidation: close below $45
$LTC
Litecoin (LTC) is in a primary bullish trend on a weekly basis and is currently in a correction phase. But with the return to the support at $50, the bulls could regain the advantage!
👉 sector: Layer 1
👉 weekly situation: primary bullish trend and in correction for several months
Now let's move to technical analysis:
➡️ bullish signal: maintain support and $45 at close + bounce beyond moving averages (EMA13/MA30) + close above $85 + bullish momentum (break of the trendline on the RSI)
➡️ possible targets: $160 / $236 / $445
➡️ invalidation: close below $45
$LTC