LItecoin, the original altcoin, is flipping resistance to support on the H4 chart. Currently, the price is testing an area for support. If the price bounces, we may get another impulse. RSI is 62 at time of publishing. target would be the 1.618 of the previous high swing low aroun 109 dollars.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
Note
ltc corrected further with the rest of the market, here is the updated on the current PA and a potential long settup. I am still in an under water ltc bag from this idea. I think it will be in the green in a couple days as BTC improves.
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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.