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LTCUSD Short term & Long Term (ish) Plan
TLDR: Litecoin is consolidating above major resistance, and is in a Bullish Uptrend. Halving coming up in August. Incredibly obvious buy sign. Don't ask why, just notice the previous trends. Itll do you favors.
Technically speaking, the BBands show supports at $52-$58.00 range in the event of major breakdown or tree shaking, however, the current period low of $68 may have been the lowest we see LTC in the immediate future. Once movement resumes, I'd expect a clean break of $100 and as high as $110 on the next wave, as thats the top bband on the 3W chart. Short term resistance is approx $80-$82 range with current price @ $72.00
Technically speaking, the BBands show supports at $52-$58.00 range in the event of major breakdown or tree shaking, however, the current period low of $68 may have been the lowest we see LTC in the immediate future. Once movement resumes, I'd expect a clean break of $100 and as high as $110 on the next wave, as thats the top bband on the 3W chart. Short term resistance is approx $80-$82 range with current price @ $72.00
Eric Thies
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