LTCBTC - Strong support found
LTCBTC could be heading up in coming days after having found strong support at 0.382 Fib (0.01109573). RSI is also leveling out. It is also important to not that it's currently flirting with the Kumo. If it does go below Kumo, with Kijun following it in, that would indicate a bearish trend. Stop loss will be midway between 0.382 Fib and 0.236 Fib.
Note
The BTC rally today has impacted altcoin prices. In situations like this, the market becomes very emotional and unpredictable. Naturally, most alts took a plunge. We need to wait for the market to settle before continuing our analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.