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Litecoin (LTCUSD) reached Triangle's target!

Thursday, August 31, 2017 8:49 AM GMT

Litecoin has nothing to envy from Bitcoin and Ethereum as maintains its hot momentum to the upside. Today, LTCUSD reached the Triangle's target after the valid breakout (check daily). Reviewing the hourly time frame, we have noted 2 major demand support zones ( Z1 + Z2). As long as zone (Z1) holds the price above, any short-term setbacks could be buying opportunities. On the other hand, if price violates it, then it may close the gap and reach the next demand zone (Z2).

Traders should monitor the daily close as the price is currently forming a shooting star, which may indicate a potential bearish bias.

Daily

H1

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