Hello, dear members of LeoFinance!
Today I want to make a little update on my previous anlaysis of LTC/USD.
So, on the daily chart (1D), the price of Litecoin received support at the 30-day Moving Average (30 MA) and the lower line of the Rising Broadening Wedge:
It seems that the uptrend of LTC/USD is resuming. Therefore, I expect the price of the cryptocurrency to continue its journey within the trajectory of the wedge.
I would also like to highlight that there is solid support for the price of Litecoin based on the 30-day MA, the lower line of the wedge, and the 90-day MA. That's why I bullish on LTC in the daily time frame.
To be continued ...
As of the time of writing, one Litecoin costs $218.80 on the CoinBase crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14,5 years, and as a cryptocurrency analyst for the last almost 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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