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Breaking: Litecoin price is breaking out!

Breaking: Litecoin price is breaking out!
Tony M.Tony M.FXStreet Contributor

Litecoin price has breached a triangle consolidation to the upside. If the technicals are correct a rally towards $70 is underway. Litecoin price currently trades at $60.21 as the bulls have established a new monthly high with a large bullish engulfing candle. The invalidation of the bullish trend can be a break below the triangle at $55.

tm/ltc/7/20/22

LTC/USDT 3-Hour Chart

Author

Tony M.

Tony M.

FXStreet Contributor

Tony Montpeirous began investing in cryptocurrencies in 2017. His trading style incorporates Elliot Wave, Auction Market Theory, Fibonacci and price action as the cornerstone of his technical analysis.

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