LITECOIN / TETHER Standard Futures
Short
Updated

Litecoin (LTC): Possible Fakeout To happen!

529
Litecoin is forming a possible fakeout movement above 200EMA, which would give us a good opportunity for movement to lower zones (once we secure current zones). So we keep an eye on this zone!

Swallow Team
Note
snapshot
Litecoin has not much since yesterday, when we were still slightly above 200 EMA. Each time we reach this zone, we see some kind of weakness in candles.

We keep waiting for a breakdown here!
Note
snapshot
Litecoin has had a good rejection from yesterday, giving us just what we needed: a fakeout above EMAs.

Now we are looking for further movement to lower zones to reach our target zone!
Note
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A little choppy movement but the end game was what we were looking for—a nice 19% market price movement!

🟢 IDEA WAS SUCCESSFUL

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