Looking at the 12-hour time frame of Litecoin, i'm seeing a clear bottom out along $171 (2-year valley support created in 2017). At the moment, LTC is accumulating in the $171 - $183 zone and will continue accumulating in that zone until it moves back up.
My targets moving forward after Litecoin finds a stable support above $183 are:
TP1 🎯 $194.75
TP2 🎯 $218.80
TP3 🎯 $262
I’m expecting Litecoin to hit the TP3 (weekly resistance) around the end of this month, if not going into the start of July. It’s going to take a bit of time to reverse, but this is the bottom. Especially when time moves forward and we start to gain momentum back up as LTC regains this channel around $218, that’s whats going to solidify the bullish momentum.
As always please do your own research, I am not a financial advisor.
My targets moving forward after Litecoin finds a stable support above $183 are:
TP1 🎯 $194.75
TP2 🎯 $218.80
TP3 🎯 $262
I’m expecting Litecoin to hit the TP3 (weekly resistance) around the end of this month, if not going into the start of July. It’s going to take a bit of time to reverse, but this is the bottom. Especially when time moves forward and we start to gain momentum back up as LTC regains this channel around $218, that’s whats going to solidify the bullish momentum.
As always please do your own research, I am not a financial advisor.
