📈 Daily TA: Litecoin (LTC/USD)

Hello, dear members of LeoFinance!

In the daily chart (1D), LTC/USD is consolidating at 38.2 Fibonacci retracement level: In my view, this is very solid support for the price of Litecoin. And, I think that at the current level (+-20/30$), Litcoin will form a protracteeeeed bottom.

To be continued ...

As of the time of writing, one Litecoin costs $164.35 on the Coinbase crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Litecoin (LTC/USD) | 17-06-2021