Most Cryptocurrencies They showed power signs During the last few weeks, but Litecoin has been quiet. Afterwards The above ride is $ 125 In the middle of July, Litecoin began to blossom, slowly decrease around $ 110.
However, the latest recycling of the new technological signal can suggest that this quiet phase is calm before the storm of Litocoin price.
Tony “Bull” pointed to the standard for 2017
According to the Crypto Analyst Tony “The Bull” Severino, Middle Verino (ADX) During the monthly candle time has paid 20 levels. The reaction to this seems important is important because more often than, signing the beginning of the powerful Litecoin.
Directly, Sevenino pointing Parallels with the ADX Signal that precede Litecoin Rally modification from $ 3.5 price level in 2017. As it is standing, a direct index in the chart below), a low-level action).
He notes that differently, when ADX travels under 20 of the 2020 cycle, Litecoin only controls the wrong and temporary meeting. The current reset of the power of the stronger, ADX and the Di-landing, suggesting that there is a formal alternative now, and may indicate the Bullish setup from the past eight years.
The chart’s pattern indicates a decrease in many years
Monthly Litecoin Every CandleStick chart adds another layer to a technical picture. As shown on the chart above, Litecoin price was forming a long-term model, pressing between opposition and a temporary decline and high support since the top 2021. These weddings have Strengthened as soon as possible In the past months, and the price is now pressing near toonineline.
Where the chart patterns are resolved after years of location, they often lead to decisive travel. And where such prices for prices have significant indicators are indexing, for now do, it becomes more convincing. As a result, this mix of technical signal along the chart method sets the paragraph to regain the conditions of 2017 crack conditions.
If the historical comparison is the holding, litecoin can be brink of the highest movement. Currently, the most important price of brokenness is $ 130, as this would mean that litecoin at the end is at the top of the trenmetric tape.
During writing, Litecoin traded for $ 110down 3.7% in the last 24 hours.
Picture Entered from Adobe Stock, Chart from TradingView.com
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