Litecoin has been showing some strength, yet near the resistance zone (current market price), we are not seeing any resistance there.
We are looking for a clena breakout there and a potential movement to the upper zones, but if we fail to breakout, we will see a re-test at the lower support line!
Swallow Team
We are looking for a clena breakout there and a potential movement to the upper zones, but if we fail to breakout, we will see a re-test at the lower support line!
Swallow Team
Note
Litecoin has made a nice small 7% of movement here, breaking that zone.
Now we are seeing the first re-test we were waiting for; upon breaking it, we will see a movement towards EMAs, yet if we hold it, we will see a movement to the upper zones towards the resistance line.
Note
After 7% of movement, we had our first successful re-test, which pushed the price back to the upper zones.
If we manage to hold this one out here, then we will see a nice steady movement to upper resistance zone (from where we might be looking for a short)
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: 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.