Hi my friends,
Welcome to this update-analysis about Litecoin, we are looking at the 4-hour timeframe perspective. As Litecoin shown up with the bearish downside price-action and moved into the lower supports to bounce there properly to the upside it has developed some further interesting signs I discovered, if you did not see the former analysis already I highly recommend it to watch to have a full-depth-overview. Now as Litecoin managed the breakout above the boundary it is important to elevate what is possible and what is not possible, mainly it is necessary to distinguish Litecoin from other important cryptocurrencies as not every is building such structures, therefore I detected all the important levels and likely destinies.
As when looking at my chart now we can watch there how Litecoin since it moved above the descending-resistance shown up with this bullish volatility testing previous resistance at the 208 level, this is also a zone where a pullback to the downside initially is likely that will move on to test lower levels of support. In this case, Litecoin has some solid supports within the blue back-up-cluster marked in my chart, when Litecoin manages to bounce within this zone bullishly to the upside it will be the origin of wave C to emerge. When this wave C finally closes above the 208 USD resistance it will be the further set-up with indicated bullishness ahead. For now, it will be important to elevate how Litecoin approaches the remaining supports and how it bounces from there.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Welcome to this update-analysis about Litecoin, we are looking at the 4-hour timeframe perspective. As Litecoin shown up with the bearish downside price-action and moved into the lower supports to bounce there properly to the upside it has developed some further interesting signs I discovered, if you did not see the former analysis already I highly recommend it to watch to have a full-depth-overview. Now as Litecoin managed the breakout above the boundary it is important to elevate what is possible and what is not possible, mainly it is necessary to distinguish Litecoin from other important cryptocurrencies as not every is building such structures, therefore I detected all the important levels and likely destinies.
As when looking at my chart now we can watch there how Litecoin since it moved above the descending-resistance shown up with this bullish volatility testing previous resistance at the 208 level, this is also a zone where a pullback to the downside initially is likely that will move on to test lower levels of support. In this case, Litecoin has some solid supports within the blue back-up-cluster marked in my chart, when Litecoin manages to bounce within this zone bullishly to the upside it will be the origin of wave C to emerge. When this wave C finally closes above the 208 USD resistance it will be the further set-up with indicated bullishness ahead. For now, it will be important to elevate how Litecoin approaches the remaining supports and how it bounces from there.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Note
Origin-Analysis: 
Note
Former-Analysis: 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.