- for the past three months, Litecoin has been forming an extremely clear daily range
- now trading below range low and, furthermore, range low has been re-tested and rejected as resistance
- target almost 40% lower which implies a strong downside move is around the corner for the entire crypto market
- now trading below range low and, furthermore, range low has been re-tested and rejected as resistance
- target almost 40% lower which implies a strong downside move is around the corner for the entire crypto market
Trade active
Low time-frames showing strength so it may be Litecoin is not ready for downside expansion just yet.Trade closed: target reached
Target reached.
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.
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.