LTC - Important Support Levels to watch
Updated
This is a weekly chart of LTC.
As you know, these are critical times right now. And anyone who is not familiar with trading, should leave this ship as a couple of holes have been drilled into this ship already. But you have to be aware, that things can incredibly speed up soon... if we should close below 50EMA on the weekly, this "bear-trend" will continue for the next year.
I am posting important support levels for the most important coins now which we can watch for possible short term reversals.
This will include
BTC
ETH
NEO
LTC
BCH
As you know, these are critical times right now. And anyone who is not familiar with trading, should leave this ship as a couple of holes have been drilled into this ship already. But you have to be aware, that things can incredibly speed up soon... if we should close below 50EMA on the weekly, this "bear-trend" will continue for the next year.
I am posting important support levels for the most important coins now which we can watch for possible short term reversals.
This will include
BTC
ETH
NEO
LTC
BCH
Comment
For LTC we are also seeing a bullish flag or pennant. Not 100% though.Direction also showing upwards just as BCC.
Again, this is not an advise to trade right now. Be careful.
Comment
Looking at the bigger picture in the main chart it is not looking as if the trend has fully changed. More likely that more downside is yet to come.It would be just too juicy to fill the gaps from the 22$ levels down to the ~6$ level.... :-)
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