THELOGICALINDIAN - Litecoin has an overwhelmingly bullish angle on all time frames accepting accessible to breach the 100 mark
Litecoin / USD Short-term amount analysis
Litecoin has a bullish concise trading outlook, with the LTC / USD brace now testing aback appear the best levels of the year so far.
The four-hour time anatomy is assuming that the contempo upside accretion in the LTC / USD brace has helped accomplish a bullish astern arch and amateur pattern.
Technical indicators on the four-hour time anatomy accept angry bullish and abide to affair bullish signals.
Pattern Watch
Traders should agenda that the astern arch and amateur arrangement on the four-hour time anatomy is targeting a $30.00 gain.
Relative Strength Index
The Relative Strength indicator is bullish on the four-hour time anatomy and shows ambit for added upside.
MACD Indicator
The MACD indicator is bullish on the four-hour time anatomy and continues to affair a buy signal.
Litecoin / USD Medium-term amount analysis
Litecoin has an more bullish medium-term trading outlook, with the cryptocurrency attempting a above upside abstruse breakout.
The circadian time anatomy is assuming that the LTC / USD brace is now testing aback appear the neckline of the ample astern arch and amateur pattern, with the bullish arrangement captivation an upside bump of over $70.00.
Technical indicators on the circadian time anatomy accept angry bullish and abide to accomplish buy signals.
Pattern Watch
Traders should agenda that a abundant beyond astern arch and amateur arrangement could alpha to anatomy on the circadian time frame.
Relative Strength Index
The Relative Strength indicator has angry bullish on the circadian time anatomy and shows ambit for added upside.
MACD Indicator
The MACD indicator has angry bullish on the circadian time frame, with the MACD arresting band continuing to affair a buy signal.
Conclusion
Litecoin is testing aback appear the best levels of the year so far, with the four-hour time anatomy pointing to a accessible blemish move appear the $125.00 level.
The circadian time anatomy is highlighting that a abundant beyond upside blemish could occur, with the $165.00 and $185.00 levels as accessible bullish targets.
Check out our coin guide for an addition to Litecoin.
We additionally wrote a DARE for the project, absolute to get up to acceleration on its advantages and risks.
