2week Litecoin Sits Below Old Support. (LTC)
Updated
If we were to zoom in on the weekly for litecoin we would see a lot of doji rejection off of old support as Resistance.
The 2 week is still red across the board, even on the ema dots.
My main concern is that the pennant has broke.
If we fail to push up we could see a strong sell off. If sell off occurs next place to look for is horizontal support on lows in the 20s
Best of luck to you. Will keep and eye out on this one, zero interest as of now for a buy.
Short looks more juicy.
🥇MLT | PRO TRADERS
The 2 week is still red across the board, even on the ema dots.
My main concern is that the pennant has broke.
If we fail to push up we could see a strong sell off. If sell off occurs next place to look for is horizontal support on lows in the 20s
Best of luck to you. Will keep and eye out on this one, zero interest as of now for a buy.
Short looks more juicy.
🥇MLT | PRO TRADERS
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