Litecoin (LTC): 2 Possible Zones of Rejections / Selling Points
We are back with Litecoin, where the price has bounced from the local dump zone, where the price was heavily oversold.
We saw this kind of pattern already this month so we are here with 2 possible movements.
One with a possible touch of the upper resistance zone, which would stabilize the EMAs and the second one is where our current local support zone will be touched again and broken!
Swallow Team
We saw this kind of pattern already this month so we are here with 2 possible movements.
One with a possible touch of the upper resistance zone, which would stabilize the EMAs and the second one is where our current local support zone will be touched again and broken!
Swallow Team
Note
Litecoin is in the backward zone of liquidity, where the price is looking to break it and possibly move to the upper zones here.
Meanwhile, even though the breakout has not happened, there is still a possibility of seeing a downward movement start from current zones!
Note
Litecoin is back at our small resistance here, testing it.
We are keeping an eye on how price will react to this re-test and from there, we will decide what kind of movement we will see—a re-test to upper resistance or a movement back to the support zone here!
Note
Litecoin had a choppy way but at the end we reached our upper entry zone and price moved from there by a nice 12%.
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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.