Litecoin (LTC): Possible Turning Point!
Litecoin has returned to the branch of EMAs where the price has been rejected so far (forming a smaller fakeout above 200 EMA).
We are now looking at how the price will reach that zone but as of now, we are looking for a downward movement from here; if not, then a movement to the upper resistance for a bigger drop!
Swallow Team
We are now looking at how the price will reach that zone but as of now, we are looking for a downward movement from here; if not, then a movement to the upper resistance for a bigger drop!
Swallow Team
Note
Almost 6% of movement since break of 200EMA on 4-hour timeframe.
We are looking for further movement here as we see a break of both EMAs and price has secured the zone below those EMAs. Let's see what we end up with in the next couple of days!
Note
Litecoin is still trading below 200 EMA, where the price has now secured this zone, in our opinion.
There was no need to re-test to 200 EMA as we had a small fakeout above that EMA so now we are looking for further movement here to lower zones!
Note
Litecoin has a good rejection from our resistance line, which pushed the price back to the other orange line, which was acting as a support zone. Although we did not get the full movement we wanted, we still got a nice 12% market price movement!
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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.