LITECOIN, Huge Channel-Breakout Indicates Further Spikes Ahead!

Hello Community,

Welcome to this analysis about Litecoin on the daily timeframe perspective. As I researched the cryptocurrency market recently I found a interesting constellation in Litecoin and the determining factors that add to a scenario with positive implications to emerge. Therefore, as looking on my chart we can watch there Litecoin has emerged with this huge ascending-channel-formation and recently as the 65-EMA in blue crossed above the 100-EMA in green Litecoin manages to build up on this EMA bullish crossover and show up with a final breakout above the upper boundary which means that Litecoin is now about to form a substantial setup from where a continuation is likely. As Litecoin showed up with the final breakout the final targets of this breakout are confirmed as seen in my chart within the 110 USD region, once these are reached it has to be watched out on how Litecoin moves on further after this and if Litecoin has the ability to stay within this area or a pullback follows firstly.

In this manner, thank you everybody for watching, Let's move forward together.

The information provided is only educational and should not be used to take action in the markets.