Rimani 
Condizioni di trading
Strumenti
Litecoin climbed to the $55.00 high intraday on Thursday after finding some support around $50.00 on Wednesday. The crypto is seen to be trading around $54.00 at this point in writing and is expected to pull back towards $45.50 in the next few trading sessions. Bulls will be poised to hold prices above $40.00 to keep the medium-term outlook intact.
Litecoin seems to have just completed its larger degree corrective drop, which had begun from the $450.00 highs in May 2021. The corrective zigzag (5-3-5) corrective structure looks complete after printing lows at around $41.00 recently. If the proposed structure holds well, prices will stay above $41.00 and push through the $73.00 initial resistance in the near term.
Litecoin has now carved a lower degree upswing between $41.00 and $55.00 in the past few trading sessions. Ideally, prices should retrace towards $45.50, which is the Fibonacci 0.618 retracement of the above upswing. Bulls are expected to resume higher towards $73.00 thereafter. Once broken, it will confirm that bulls are back in control.
Potential short-term drop through $45.50, then rally through $73.00 against $41.00
Good luck!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
