LTC/USD Breakout Above the Trendline 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 LTCUSD

1. Swing low
2. Swing high
3. Entry zone
4. 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.

Cheers and safe trading,

Nenad