Litecoin is approaching the Quarterly Pivot and maybe due for the next Major Support, where we have to wait and see if it´s enough to make the reversal for LTC and guide it back up to bulls-zone above $100. Formerly mentioned the $60´s are possible, I wouldn´t wonder if we close a 3D further below.
We have changed from a weak uptrend to a weak downtrend on 3-day. At least the Golden Cross is probably going to bring back some life, as mentioned before usually with a delay. Also, bearish E-to-E is finished.
Targets and Supports remain all the same. I have added the diagonal downtrend resistance (yellow). Keep an eye on that.
______________________________________________
Warm regards,
Neru
We have changed from a weak uptrend to a weak downtrend on 3-day. At least the Golden Cross is probably going to bring back some life, as mentioned before usually with a delay. Also, bearish E-to-E is finished.
Targets and Supports remain all the same. I have added the diagonal downtrend resistance (yellow). Keep an eye on that.
______________________________________________
Warm regards,
Neru
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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.