Litecoin in Strong resistance
Updated
Long at 175€
Price Target @225€
Stop loss at 167€
EMA 200 is our Major support.
EMA 20 trying to flip EMA 50
EMA9 has already flipped both.
RSI as of writing is at 63, which means it still has room for upward movement.
If today's candle closes as a "hanging man", the movement could be delayed by 1-5 more days.
Price Target @225€
Stop loss at 167€
EMA 200 is our Major support.
EMA 20 trying to flip EMA 50
EMA9 has already flipped both.
RSI as of writing is at 63, which means it still has room for upward movement.
If today's candle closes as a "hanging man", the movement could be delayed by 1-5 more days.
Note
Feb-17 Candle closed as "hanging man". upward trend turned sideways.
Note
Litecoin decided direction. Expected continuation.
Note
Fakeout. Almost 8 Billion USD poured out of the cryptospace.Trade closed: stop reached
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