Analiza prețului Litecoin: canalul Breakout vizează o țintă ridicată de 30% pentru LTC 

Pe 27 martie, Litecoin (LTC) price gave a massive breakout from the falling channel pattern. The coin price is currently stuck in a retest phase and trying to sustain above the breached resistance. Can this pattern completion revert the prior downtrend sentiment?

Puncte cheie

• The LTC Price shows a daily-morning star candle pattern at 100 DMA
• The 20 and 100 DMA are nearing a bullish crossover
• Volumul de tranzacționare intraday în moneda Litecoin este de 739.1 de milioane de dolari, ceea ce indică o pierdere de 27.1%.

Sursă- Tradingview

After tumbling to a low of the $90 mark in late February, the perechea LTC/USDT initiated the next bull cycle inside the falling expanding channel pattern. The bullish rally drove the altcoin by 49%, with a bullish breakout from the channel pattern.

The Litcoin price entered retest mode after making a high of $134.2 mark and reverted by 7.32%. Furthermore, the formation of the morning star candle at the breached resistance and 100-DMA suggests the market sentiment has switched from selling on rallies to buying on dips.

The buyers need to sustain above the 100 DMA($122) level to yield a potential 30% growth till the $167 mark.

On the contrary note, if sellers pressurized the altcoin for a candle closing below the descending trendline, the LTC price would enter the channel pattern, and the resulting fakeout could slump the coin to $100.

Indicator tehnic

The bullish rally surged above the 20, 50, and 100 DMA resistance line. Furthermore, the lower price rejection candle at 20 and 100 DMA lines suggest this prior resistance is flipped into valid support. 

The rising Average Directional Index(ADX) indicator slope highlights a significant gain of upside momentum.

• Nivel de rezistență - 141 USD și 153 USD
• Niveluri de asistență - 116 USD și 100 USD - 98 USD

Mesaj Analiza prețului Litecoin: canalul Breakout vizează o țintă ridicată de 30% pentru LTC  a apărut în primul rând pe CoinGape.

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• Source: https://coingape.com/markets/litecoin-price-analysis-channel-breakout-aims-a-30-high-target-for-ltc/