Since 2017, Litecoin
LTCUSD
has been ranging with a top at 325ish dollars established in 2017 and a bottom at 25ish dollars established in 2018.
Two important things:
1) There was a failed attempt at a breakout to the upside in 2021.
2) Chart is wickless to avoid unnecessary noise, but you should know that a wick touched the bottom in 2020 (covid panic).
Could 2024 be the year with a successful breakout to the upside ? If yes, what would so many years of ranging and accumulation lead to ?
This is not financial/trading advice. You are responsible with what you do with your own money.
LTCUSD
has been ranging with a top at 325ish dollars established in 2017 and a bottom at 25ish dollars established in 2018. Two important things:
1) There was a failed attempt at a breakout to the upside in 2021.
2) Chart is wickless to avoid unnecessary noise, but you should know that a wick touched the bottom in 2020 (covid panic).
Could 2024 be the year with a successful breakout to the upside ? If yes, what would so many years of ranging and accumulation lead to ?
This is not financial/trading advice. You are responsible with what you do with your own money.
Comment:
Keep an eye on 300-400 area, it could come quickly, but also reject violently.