After that major rejection from the 200EMA price, LTC has had a hard and sharp rejection without any resistance from buyers.
We are seeing here a further movement to lower zones to occur, but we are prepared for a potential small correction as well before continuing the downward movement.
Swallow Team
We are seeing here a further movement to lower zones to occur, but we are prepared for a potential small correction as well before continuing the downward movement.
Swallow Team
Note
Link has been rejected from lower support with yesterday's candle, while the current new one is still looking for ways to go.
There is a pretty high chance of seeing the price reach the upper zones, so keep an eye on that upper resistance as of now!
Note
While the coin still struggles to breakdown or breakout from its current range, it is still gathering the volume for a smaller correction here.
We are looking at that upper resistance, which we think would be a good entry for a potential short position!
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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.