LTC/USDT Perpetual Contract
Short
Updated

Litecoin (LTC): Fakeout Might Form Here!!!

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Litecoin is showing some bullish momentum, where recently we broke the 200EMAs (again) and now we are trading in between the EMAs and the upper resistance zone, where we already got a rejection once.

As of now, we are hoping for another fakeout to form here after what we will be looking for a break of EMAs and a movement to lower zones here so eyes wide open!

Swallow Team
Note
snapshot
And again, we have formed a nice fakeout movement here in a 4-hour timeframe near 200 EMA.

As of now, we are looking for further movement to lower zones and a breakdown of our entry zone here!
Note
snapshot
Litecoin successfully formed a fakeout zone above the EMAs, resulting in the start of downward movement here. We might see a good downward fall here!

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