LIVEOne of the earliest altcoins in history - #LTC
👀The price is trading in a very long accumulation of 2 years, within which we are constantly moving around the mirror volume level POC(70.12$).
📝At the moment we tested this very important level again, but from an upside perspective + gave a very good test of the upper boundary of the buyer's foreign zone and the corresponding reaction.🆗
In the short term I expect to see the formation of an uptrend to the local high of 113$, there is also a pool of liquidity from equal highs eqh.
📈In the medium term, after removal of the swing high, I intend to see a pullback to 0.786 Fibonacci level, from where I plan to take a long position with the aim of breaking through the resistance zone.
Globally, as soon as the price manages to pass the problem zone I expect to see a strong acceleration of the trend to the $221-236 mid-range, which will be more than 193% of the net market movement excluding shoulders from the current price values.
To me, the risk-reward is gorgeous, so I definitely recommend adding this asset to your watchlist for the coming months.💵
