Litecoin (LTCBTC) has hit the 0.786 Fib. retracement support and is now trading just above EMA100, sitting on a great spot for a bounce, but there are a few things to take into consideration first... Feel free to hit like now and let's continue with this analysis:
LTCBTC has been showing huge momentum on the drop, so it can still go a bit lower.
If EMA100 doesn't hold (daily candle closes below it), then you can expect for EMA200 to be tested.
If EMA100 holds as support, we can expect Litecoin to bounce and start a new wave up.
Green volume was good yesterday, bulls need to follow up today for a bounce.
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