Litecoin has broken out of the local resistance zone, where the price has somewhat secured this zone as well.
We are not looking at further pushes to EMAs or a local rejection from the current zone (fakeout scenario).
We are waiting for outer zones to be reached, and from there we will be looking for further movement, either to upper zones or to lower zones (breaking that trend as well).
Swallow Team
We are not looking at further pushes to EMAs or a local rejection from the current zone (fakeout scenario).
We are waiting for outer zones to be reached, and from there we will be looking for further movement, either to upper zones or to lower zones (breaking that trend as well).
Swallow Team
Note
Litecoin is yet to show any weakness, but despite that, we are keeping an eye on 200EMA.
We want to see a nice rejection from that zone, and we will be looking for a re-test of the local broken zone (from which we will have 2 possible scenarios).
Note
Litecoin has made a nice rejection from the zone we have been looking at (200EMA), while now we are seeing a price near the local support zone.
We are keeping an eye on it, as we can see both breakdown and push from here, so we are waiting for further confirmation.
We are looking more for a downward push here!
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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.