Image by Eivind Pedersen from Pixabay
Litecoin with ticker LTCUSD broke an important 95 level, which is now signalizing for the bottom and bullish reversal on a daily chart, so we are now tracking an impulse that can send the price higher, while the price is above the 67 invalidation level.
Looking at the 4-hour chart, it came nicely higher for wave (3), but with the recent drop seems like it's just slowing down within a higher degree wave (4) correction that can find the support here around 85 - 80 area before the uptrend for wave (5). Bullish confirmation is above the channel resistance line and 98.50 region.
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