Litecoin Steady at Relative Highs

Nov 8, 2021

Litecoin has gained strength, but is still facing resistance from $209. We have faced resistance here before, and may be forming a long term bull wedge (extending back to October) with an upper bound at this level. Volatility appears to be consolidating here, so watch for a breakout at some point. Our next target is $217. If we cannot muster the strength for another breakout, then we expect support at $202, $195, or $191. If those levels do not hold, then there is a vacuum zone below to $184 then $174.

Nov 9, 2021

Trade closed: target reached

Litecoin blasts through multiple levels including our profit target at $217. Currently solidifying the $230's! Hopefully it can maintain these levels...