LTC/USD Breakout Above The Trendline Is Expected

By Nenad Kerkez of Elite CurrenSea

Analyst, Full-Time Trader • Mar 14, 2022 at 11:40 AM EDT

The LTC/USD is still bearish. However the price should be moving up. Breakout is expected.

LTC/USD Technical Analysis

The break above Q L3 is expected
M H3 is the first target
M H4 the final target on daily

Daily Chart LTC/USD

(Click on image to enlarge)

Swing low
Swing high
Entry zone
Target

The LTC/USD is still bearish. However the price should be moving up. Breakout is expected. If we see a breakout then 121.45 is the next target. Above we should see 132.74. If the market manages to stay above the M L3 98.85 then bulls are in advantage. The price is at support and we should be seeing a bounce as cryptos are also becoming defensive assets.

Disclaimer:

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