Bounced off major support level $100
Weekly close above $150 and we could see litecoin run. Price has broke out of bearish parallel channel. Stochastic RSI showing us momentum is heading towards the upside.
Momentum shifted towards the bulls favor on the daily.
Price has broke and close above our resistance of $140.
Trade triggered, for litecoin moon run!
Major Resistance @ $175
Shifting over to our pattern timeframe we can see double bottom has been formed @ $125.
Price broke out of double bottom and has been tested for support.
Uptrend confirmed, with higher highs and higher lows being formed.
Stochastic RSI showing momentum definitely in favor of bulls.
A break and close above $155 on 4hour activates our trade.
Zooming in on trigger timeframe we can see price heading towards our first target @ $175.
An hourly close above $155 triggers a short term trade towards $175, or HODL.
**DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
