~LTC $600 target, how to play the pullback~

15 พ.ค. 2021

Short and sweet update here, bullish on ltc till EOY. However, Daily and 4HR charts are still showing bearish signs. Look at the nearest fib levels for support, as we look to the upside on the 90min, we can see some bullish action and potential price floor discovery. Would like to see LTC test and reject the zone in the yellow circle. Another rejection would indicate a triple bottom like many other major coins are doing right now, LTC is also notoriously lagged in price action to BTC so its important to note LTC has hardly broke out of ATHs and is poised for gains.

Near term downside likely(buy opp to cost average your entry and avoid chasing tops), if support holds, look for green targets over the next 3(target 1)- 7 days(target 2) with price action in the orange wedge.