Litecoin Dips Sharply
Litecoin broke out from its consolidation pattern at $195. It tested $202, the next level above, but then dipped sharply, smashing through $195. It finally found support just below the next level at $184. The wick of the candle extended down to $174, but we appear to be equilibrating in the mid $180's. We are seeing a green triangle on the KRI around $180, suggesting support here. But if not, we should see further support at $174, then $169.
Join my discord at discord.io/quantguy
Related publications
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.