Litecoin, likely scenarios?

Dec 15, 2020

Hi Community!

Here is my take with Litecoin. I think it will move up to the upper descending resistance of the triangle at about 91$. If price breaks it and switch it to support, price can continue upwards. If not, it will go back to the lower resistance at approximately 75$.

This is the idea of someone who is still learning.

Comments and feedback are most welcome. Happy trading!

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Needless to say, this is not financial advice!

Dec 16, 2020

Note

So we reached the first target. Now, if the price breaks above the upper trend line, price may go further up.

As of now, it seems like price is retracing back. If it bounces back to the lower trend line, price would be down to 73-75$.

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Needless to say, this is not financial advice!