LITECOIN TECHNICAL ANALYSIS ON H1 TIMEFRAME
Litecoin is testing make-or-break levels at the very bottom of its ascending channel on the 1-hour time frame. Long spikes have formed to signal that buyers are defending the $55 level well, but moving averages suggest that a breakdown might follow.
Stochastic is heading north, so price might follow suit while buyers have some energy left. This could take litecoin up to the top of the channel at $60.