The number of new addresses joining the $LTC network has gone through the roof. Roughly 200K new addresses are being created today. It represents a 37% increase from when #LTC was trading at $415 in mid-May.
Green lines show entry levels or support lines. Red lines show immediate resistance or targets.
LTC is now consolidating at resistance. Bullish sign
Lite coin in 4H time frame forms a Double bottom pattern with it's neckline near $140. If a bullish candle closes above the neckline we expect a healthy bullish move till it's above resistance.
Litecoin in 4H time frame forms a symmetrical triangle. Breakout at either side can give a good move
$LTC (4Hr) - #Litecoin given breakout after forming Falling Wedge 🤔 - 21 & 50 EMA crossover - #Bitcoin also breaked long term downtrend line
Litecoin is a slow-mover. While most altcoins are surging higher, LTC seems to be taking its time. I believe the daily supply zone ($210 to $241) is about to be flipped. A successful flip will allow LTC to rally to the previous week open at $295. NFA. DYOR.
HTF supply/demand zone. Short any breach of zone.