Daily Timeframe Analysis
The Daily timeframe of Litecoin is provided in today’s analysis using a log scale. A long term view shows the dominant bearish channel in Litecoin that lasted over 12 months prior to a break above the upper boundary of the channel.
Confirmation of the current bullish move did occur on February 09, 2019 and is expected to continue.
Key levels to focus on: 166.07, 98.69 and 66.06 (based on data from BITSTAMP).
Outlook: The expected trajectory of price is marked on the chart with Litecoin expected to target ~166.07 at most prior to a sell off. 98.67 and 66.06 are price levels that will be monitored for support in Litecoin before bullish momentum is re-established.
Note: Prices can vary between Litecoin exchanges. As a result, there may be differences in the charts provided above due to different data sets.