Litecoin (LTC) Market Outlook
Updated
Hello traders litecoin is seeing a little bit of a selloff and we are approaching an important level. I will be looking to see if the price is able to bounce off of the 100SMA (the orange line) at the $255 level. if the price bounces and we get a reversal signal that price will be good for long term trades. However if the price falls below that 100day moving average i expect to see the price fall back down to previous support around the $230 price range. Just my insight hope this finds you well good luck traders and remember be PATIENT!!
Peace
Peace
Trade active
looks as if litecoin has broken through the SMA100 that was holding support ill be watching closely to see if a previous support zone at $230 range. if price doesnt hold there ill be watching for strong support around $205-210
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