💲 Litecoin Correction Before $130 💲

Jan 15, 2023

💲 Litecoin Correction Before $130

💲 Nearest strong support zone: around 80.5 fibo level 0.236 of the entire upward wave.

💲 Nearest strong resistance zone: around 0.236 of the downward wave.

💲 Technical environment:

- Moving averages: Uptrend

- MACD: Uptrend

- RSI: Uptrend

💲 Price action: Litecoin as I have written many times before has shown a show of strength in recent weeks, it started to break out as the first one of the major cryptocurrencies which I perfectly predicted by publishing many posts on it. After such a rally, I expect a cooling off of the increases and the execution of a downward correction to the vicinity of recent resistances in order to gain strength for the continuation of growth, even in the vicinity of $130.

💲 The scenario I'm playing out is to execute a correction then continue the increases. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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