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Currently on the 4-hour chart of the Litecoin cryptocurrency, there is a Convergence between the Litecoin price movement and the Stochastic Oscillator indicator plus the current price movement is above the EMA (21) and is also inside the Bullish Channel Pitchfork so that based on what we see now Litecoin is in a strengthening condition where currently 131.11 will be tested to be broken upwards if successful then Litecoin has the potential to continue its strengthening back to the level of 137.83 as its main target and if it turns out that the volatility and strengthening momentum are on the buyers side then 141.19 will be the next target to be aimed for but if on its way to the targets that have been described previously suddenly Litecoin corrects and weakens down to break and close below the level of 111.42 then the strengthening scenario that has been described previously has the potential to become invalid and cancel itself.
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