After the unsuccessful first half of the month, the second part of February began unusually successful, among others for litecoin cryptocurrency, which managed to create more local peaks just under $ 250 for litecoin. It seems that at the moment continuation of growth is the most likely scenario.
In the case of the growth scenario, the next target for bulls is likely to be the level of resistance located in the price region of $ 280. This is the last level before a possible test of historical maxima currently located around 365 dollars.
At the Interval Time H4, we can observe an upward dislocation from the rectangular growth triangle, which is an additional confirmation of the potential growth scenario.
Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.
