The breakout target, calculated by measuring the triangle’s height, projects a move toward $230, aligning closely with the 0.5 Fibonacci retracement level.
Key moving averages support the bullish outlook. The 20-week EMA at $90 and the 50-week EMA at $81.75 are trending upward, signaling renewed buyer interest.
However, Litecoin’s recent pullback suggests a retest of the previous resistance-turned-support near $105. Holding above this level will be crucial for bulls to maintain control and resume the upward trajectory.
If bulls successfully defend $105, Litecoin will move toward $188 and potentially higher levels, marking a significant reversal from its multi-year downtrend.
However, a failure to hold support could invalidate the bullish setup, opening the door for renewed consolidation.
Hedera Hashgraph (HBAR) Technical Analysis
HBAR/USD Four-Hour Price Chart Analysis — Bearish Reversal Pattern Sees 25% Drop
Hedera Hashgraph’s HBAR is trading within a descending triangle pattern on the 4-hour chart, confirmed by a downward-sloping trendline resistance and horizontal support near $0.27. The classic technical setup suggests sellers gradually overpower buyers, increasing the likelihood of a downside move.