LitecoinShort
Litecoin Rejects Channel Top
Open Interest - Long: 1.12 Days
Open Interest - Short: 1.33 Days
RSI: Hidden Bullish (1D)
OBV: Rising
VOL: Flat
Price Action: After spending the last 48 hours eating into the top of the channel; there has been a reasonable pull back. The moving averages are a relative distance below (closest is $53), so the logical approach favors the short side right now - look for positions in the $61-$63 range; but be willing to hold through to $71 with the 52w MA being the stop loss.
Key Resistance: 60.0, 67.0, 70.9 (52w MA)
Key Support: 54.0, 53.2 (28d MA), 48.0, 44.0 (26w MA)
Open Interest - Short: 1.33 Days
RSI: Hidden Bullish (1D)
OBV: Rising
VOL: Flat
Price Action: After spending the last 48 hours eating into the top of the channel; there has been a reasonable pull back. The moving averages are a relative distance below (closest is $53), so the logical approach favors the short side right now - look for positions in the $61-$63 range; but be willing to hold through to $71 with the 52w MA being the stop loss.
Key Resistance: 60.0, 67.0, 70.9 (52w MA)
Key Support: 54.0, 53.2 (28d MA), 48.0, 44.0 (26w MA)
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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.