LTC Consolidation May End With $60.8 Breakout - BitcoinEthereumNews.com
Nai-publish 3 minuto na ang nakakaraan Pinagmulan- Tradingview A V-shaped recovery during Junes second week surged the LTC / USDT pair 46% higher to $60.8. However, the profit booking from short-term traders triggered a minor pullback of 18.6% and plunged the price to a $50 psychological level. Furthermore, the replenished bullish momentum at this support surged the LTC price to its current level at $53.76. The technical chart shows the formation of a cup and handle pattern in the daily time frame chart. This bullish reversal pattern should guide the price action 14.2% high to the neckline resistance of $60.8. Furthermore, an upside breakout from this resistance would provide another footstep for traders to continue the rally. If the buyers show sustainability above the $60.8 mark, the technical set-up indicates that the coin price could rise 20.6% to $73.5. On a contrary note, if the sellers undermine the rising bullish momentum and revert the LTC price lower, the traders may witness a range-bound rally. Teknikal na tagapagpahiwatig Supertrend: the supertrend indicator reflects an overall trend in daily time frame chart tagapagpahiwatig ng ADX: The ADX slope shows an unwavering downfall projecting the losing bearish momentum. Thus, the buyers can take this advantage and breach the above resistance. tagapagpahiwatig ng vortex: A