As I said before, in the past 6 months, Litecoin was very weak, in fact, one of the weakest, and my 100 target was reached.
Now, the question is, will it drop under 100? In my opinion, the chances are very high for this.
Technically the downtrend is very clear and as we can see from the chart every rally is sold.
Now the coin is trading just above 100 support and I expect a break and continuation lower.
120 is now resistance and rallies towards that zone should be sold.
Now, the question is, will it drop under 100? In my opinion, the chances are very high for this.
Technically the downtrend is very clear and as we can see from the chart every rally is sold.
Now the coin is trading just above 100 support and I expect a break and continuation lower.
120 is now resistance and rallies towards that zone should be sold.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.