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Litecoin shooting up nicely, good upside potential!

Oleh Tickmill
Broker
Litecoin has shot up nicely after breaking our wedge formation. Our 1st support is at 212.77 (Fibonacci retracement, horizontal overlap support, pullback support) where a further bounce could occur in pushing price up to 264.42 resistance (Multiple Fibonacci retracements, horizontal swing high resistance).

Stochastic (21,5,3) is seeing strong ascending support hold up our bullish momentum well.

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Losses can exceed the initial investment so please ensure you fully understand the risks.

Bitcoin (Cryptocurrency)Chart PatternsCryptocurrencyHarmonic PatternsLitecoin (Cryptocurrency)litecoinidealitecoinlonglitecoinshortLTCUSDltcusdlongltcusdshortTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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