Litecoin is currently sitting above wedge resistance. Closure above this resistance level on higher time frame would indicate a strong confirmation of continuation upwards.
If candle closes back inside wedge, there’s a good chance that we can see this rising wedge complete with a break in support.
The 100EMA (blue) marks critical support. If we do happen to break support, this would be a potential bounce back zone. Around ($185)
If the 100EMA does not hold, previous lows would act as support, in this case $155.
If candle closes back inside wedge, there’s a good chance that we can see this rising wedge complete with a break in support.
The 100EMA (blue) marks critical support. If we do happen to break support, this would be a potential bounce back zone. Around ($185)
If the 100EMA does not hold, previous lows would act as support, in this case $155.
Related publications
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.
Related publications
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.