Litecoin, No. 6 on capitalization among the cryptocurrencies after a stubborn battle of bulls and bears, was able to overcome the top of September in the $ 95 area on third attempt. The previous two quick breakouts ended in the same rapid rollback.
Now for two days trading closed above the key mark. The market is fixed on the reached boundary. If today's closing is higher, then on the weekly chart the level of $ 95 will be surpassed and resistance will turn into support.
Volatility declined, MA cross in buying on a weekly, daily and 4-hour chart. The volume of consolidation fell.
It is difficult to imagine a more convincing picture for the opening of a long position.
For those who do not want to stay in position for a long time: the first calculated target of growth is $ 135
However, I advise going out only at the signal MA cross on the weekly chart, which in the purchase from $ 8.35 and stayed in it even during fairly strong corrections, thus having accumulated already 1085% of the profit.
Recommendation: buy
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