.The Litecoin price had a significant breakthrough in a declining triangle pattern.
.The digital asset re-tested the previous resistance level and resumed its rising trend to $ 200.
.LTC faces almost no obstacles in the direction as bulls have full momentum
Litecoin had a major breakthrough in a declining triangle pattern on the 4-hour chart with a price target of $ 185. After a slight decline over the previous resistance trend line, LTC bulls quickly bought dip and the Litecoin price up to $ 154 raised. .
The Litecoin price does not face any significant obstacles
The initial breakthrough raised the Litecoin price to $ 158.68, and the digital asset is currently trading at $ 154. If it is above $ 158.68, LTC is likely to reach its original price target of $ 185 and the psychological level of $ 200 pushes.
The In / Out of the Money Around Price Chart (IOMAP) shows virtually no resistance above $ 155. The main resistance range is between $ 170 and $ 175 with nearly 1 million LTK in volume of 35,000 addresses
In addition, the number of whales holding at least 10,000 LTC coins has increased significantly over the past month from a low of 512 on December 27, 2020 to 527 at present. This survey shows that large holders have built up Litecoin over the past month and still do.
On the 15-minute chart, however, Litecoin has set an important support level of $ 153 in the short term, and it has many problems rising above $ 156.
Another rejection of $ 156 will quickly lower the Litecoin price to $ 153. If you lose this critical support level, the LTC will fall to $ 149 in the short term.
0 Comments