Looking at the 4-hour timeframe on Litecoin, we can see that it got rejected off of $183 all the way back down to $124.
Quick update from my previous LTC analysis, it looks like it's formed a double bottom on a smaller timeframe and is reversing back up.
LTC has already knocked out the $145.63 TP level and turned that resistance into support. The next long targets i'm looking at are:
TP1 🎯 $159.65
TP2 🎯 $171.55
Eventually after LTC hits the $171 level, it's going to surpass its previous highs and hit $218, there's no doubt about that. This was a typical capitulation sell off down 33% in the span of a day. From here, when everyone started shorting this is when you should've placed your longs
Quick update from my previous LTC analysis, it looks like it's formed a double bottom on a smaller timeframe and is reversing back up.
LTC has already knocked out the $145.63 TP level and turned that resistance into support. The next long targets i'm looking at are:
TP1 🎯 $159.65
TP2 🎯 $171.55
Eventually after LTC hits the $171 level, it's going to surpass its previous highs and hit $218, there's no doubt about that. This was a typical capitulation sell off down 33% in the span of a day. From here, when everyone started shorting this is when you should've placed your longs
