The market has started a slight correction, a lot of altcoins and BTC has made some breakouts downwards.
I would like to point out some areas from Litecoin chart, firstly a possible short-term(!!) bounce area around the $90. It has worked several times as a resistance and as a support level. Currently, it should start to work as a support and this area has offered a lot of action and bounces so, let's hope that the area can still deliver some action to us.
A really bearish confirmation area is slightly under the $85. This red line is the last confirmed HL and if the Daily candle gets a close below of it then the mid-term market structure has changed into the bearish and it will give a push for further movements downwards.
Feel free to support my effort by hitting the "LIKE", it is my only fee from You and it means a lot to me!
Best regards!
I would like to point out some areas from Litecoin chart, firstly a possible short-term(!!) bounce area around the $90. It has worked several times as a resistance and as a support level. Currently, it should start to work as a support and this area has offered a lot of action and bounces so, let's hope that the area can still deliver some action to us.
A really bearish confirmation area is slightly under the $85. This red line is the last confirmed HL and if the Daily candle gets a close below of it then the mid-term market structure has changed into the bearish and it will give a push for further movements downwards.
Feel free to support my effort by hitting the "LIKE", it is my only fee from You and it means a lot to me!
Best regards!
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Related publications
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.
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Related publications
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.