
A short-term buying opportunity for Litecoin
Litecoin is still moving in a sideways trend
on the 4-hour frame, bouncing off demand zones on the daily frame.
Currently, the currency is heading upwards and testing the supply zones above
located at 87.73.
The identified supply zones are considered important at the moment.
Therefore, for the currency to continue its upward trend,
it is crucial that the supply zones are breached and a 4-hour candle closes above them.
The target for the upward trend is
If the supply zones described above are breached,
the upward trend is expected to continue, reaching the 92 level,
then the 94 level, and finally the supply zones at the 96 level.