Technical analysis of Litecoin/USD for March 16, 2021

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Litecoin seems to be building a series of bottom-formation confirm more upside pressure towards the expected upside target at 324. Short-term a break above 215 and more importantly a break above resistance at 227 will trigger a Cup With Handle bottom for a rally towards 300 and 324.

Support is now seen at 198 and again at 191.


Trading recommendation:

Buy a break above minor resistance at 215 and place your stop at 190.



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Torben Melsted
Analytical expert
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