All Time HIVE and hodl, dear members of LeoFinance!
Today, I would like to comment on the chart of Litecoin.
It seems that, in the 4-hour chart (4H), after testing the lower line of the Ascending channel (uptrend) and receiving support, LTC/USD is going to form another bottom at the trend line:
If this bottom forms, it will be the third one in the sequence of higher lows - a confirmation that the uptrend continues.
However, it is worth having a look at the 1-hour chart (1H), where LTC/USD has still not overcome the resistance - the descending line based on the lower local highs:
As can be seen from the chart, LTC/USD is now approaching the resistance line. If it overcomes the resistance then, in the 4-hour chart, the potential local low will get confirmed, and the chances of the uptrend renewal will increase.
To be continued ...
As of the time of writing, one LTC costs $206,19 on the Coinbase crypto exchange, according to TradingView.
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Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 and a half years.
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Once it break the treadline.we should expect another bullish rally.But if it break the down treadline we should expect bearish rally
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Absolutely! Let's hope that it resumes the uptrend.
K
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I would have expected LTC to be worth more at the end of 2021. I believe it is underestimated.
Yeah! I also think that LTC is undervalued and it deserves more.
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!LUV
@mushanov(4/4) gave you LUV. | wallet | market | tools | connect | <><
Thank you!