LTC possible breakout towards a new 2021 high
LTC broke out of the symmetrical triangle that started forming in late January, this is very bullish for LiteCoin and we might see it climb towards a new 2021 high. Looking at the LTC/BTC chart, we can see that it's at a its very lows, and the last time the price was at this level in 2017, LTC had a bullish run.
Mapping the Fibonacci levels we can see the price bouncing off the 0.618, 0.5, and recently 0.382, and is now headed towards the -0.27 fib level where the target is around 300 per coin.
Daily MACD has also turned bullish which signifies a bullish momentum building up.
Good Luck and Trade Safe.
Mapping the Fibonacci levels we can see the price bouncing off the 0.618, 0.5, and recently 0.382, and is now headed towards the -0.27 fib level where the target is around 300 per coin.
Daily MACD has also turned bullish which signifies a bullish momentum building up.
Good Luck and Trade Safe.
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