RLinda ! LTCUSD-> Bulls before the holidays show strength!)

LTCUSD in contrast to bitcoin lately shows its confidence. Recently, the price was able to form a bullish momentum of 80% from the low of 47.50

It is worth paying attention to the descending wedge and the breakdown of resistance. A strong bearish trend has been going on since May 2021, the price has stopped at $52. Price is moving into a narrow consolidation phase and breaking through channel resistance. Could this mean a bottom formed in the $50-52 area? It's hard to say.

But, now the price forms a local uptrend and if the coin continues to dictate its game, then, presumably, in the first quarter of 2023 we could see the growth of the price to 107. The medium term outlook is up to 150.7. The long term outlook if the market recovers is 181 or even 302 (Too positive statement, but why not?).

Merry Christmas!
Sincerely R. Linda!

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Comment:

LTCUSDT $91.0 in moment!