The 200 EMA and a smaller trend that emerged on a daily timeframe have forced Litecoin into a corner.
Historically, 200EMA has been doing great work, and as long as we see the same results from it, we will see a breakdown in the trend very soon; if not, then 200EMA will turn into the support zone.
Swallow Team
Historically, 200EMA has been doing great work, and as long as we see the same results from it, we will see a breakdown in the trend very soon; if not, then 200EMA will turn into the support zone.
Swallow Team
Note
Litecoin made a nice breakdown from the trend with the first candle, which closed slightly below that one, and now the second candle is having a full blast as a contraction.
We are setting up a few potential target zones here now that are looking to be reached.
Note
Not that Litecoin had a nice rejection from 200EMA and price secured the zone below that trend, we are seeing early signs of some healthy correction to happen here.
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
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⚡️ Short-Term + Mid-Term Trades
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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.