Crypto-currency market: lightcoin forms a double bottom

A pair of LTC/USD and the crypto-currency market for the past three months are trapped in downtrends, which eventually formed part of the “double bottom” pattern. The upward trend in October corresponds to the last stage in the formation of a reversal pattern of movement, which is limited to a very narrow trading range.

In the conditions of correction and resumption of the “double bottom” pattern forcing, it is worth considering deals for purchases from support levels: 52.000, 50.000 and 48.000 with targets: 58.000, 60.000 and 62.000, which will indicate the possibility of further growth after correction.

LTC/USD chart. Current price – 53.000

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Andre Green

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