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Litecoin: ⬆️ Buy
– Litecoin reversed from support area
– Likely to rise to resistance level 120.00.
Litecoin cryptocurrency recently reversed from the support area between the key support level 105.00 (former monthly high from May, which has been reversing the price from July), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which stopped earlier wave C.
Given the bullish sentiment across the cryptocurrency markets, Litecoin can be expected to rise to the next resistance level 120.00.
Source: https://fxpro.news
