Technical analysis of Litecoin/USD for November 4, 2021


As the next crypto currency we have been looking at, Litecoin shows a very interesting long-term bullish pattern. A huge Cup with handle seems to be taking shape and in the weeks ahead we will be looking for a rally towards 377 to complete the handle of the cup and after a short period of consolidation either just below or above 377, Litecoin should continue to rally higher to the Cup and handle target at 733 or we think more likely the extended Cup with handle target near 953.

Short-term we would like to see Litecoin break above minor resistance at 237 confirming the rally towards 377 and ultimately a lot higher.

The material has been provided by InstaForex Company -

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