Litecoin, Surge To Test Zones With This Scenario To Develop!

Hi,

Welcome to this analysis about Litecoin, we are looking at the hourly timeframe perspectives. Litecoin after moving severely to the downside managed to bounce in the structure and has already shown up with some initial up-moves that can indicate further developments. Besides that Litecoin has formed this descending-channel-formation with the coherent wave-count within and is likely to form the breakout above the upper boundary. When this happens it will be the origin for the further continuations to the upside and Litecoin will move on to test the upper-resistance-level marked in my chart at the blue zone, after that, it has to be elevated if Litecoin moves on further bullishly or firstly shows up with a reversal testing lower levels.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.