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Litecoin
Long

Potential LTC Buy Zone

By GGfx
Looking for LTC to test support around $245. Hoping things consolidate around this level. This also has confluence with the .618 fibonacci retracement. Any price within the teal box can be seen as a potential buy zone. I like that the RSI has also had time to cool off a bit (for the 1hr chart at least...things still a bit hot on 4 hr). If we see a hard break under $240, I think there will be more downside which could take things to $200.
Bitcoin (Cryptocurrency)CryptocurrencyFibonacciLitecoin (Cryptocurrency)Support and ResistanceTrend Lines
GGfx

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