Litecoin (LTC): Possible Zone of Sell ?? ?? ??

Litecoin has reached the zone of EMAs here, with a possible rejection happening.

We see it as a good zone for DCA-ing the potential short position here and this gameplay is in play as long as we hold the upper resistance zone!

Swallow Team
Note
snapshot
Litecoin is pushing toward the 200EMA for a possible zone of rejection to find right there.

Overall, our target is still in the lower support zone and the price is still in the DCA zone.
Note
snapshot
Litecoin is at 200 EMA while still in our DCA zone.

So far, we are not seeing a sign of weakness but we are still waiting for perfect momentum here.
Note
snapshot
Litecoin is still moving but so far we had a nice 12% market price movement after a good touch of your entry zone there in DCA zone.

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.