Analysis of Litecoin digital currency and the expected purchase scenario

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.