Litecoin on 4-week maximum try to broke the downtrend
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In last review we wrote about the risk of avalanche-like fall of LTCUS rate. There was no fall. And, like it usually happens in such situations disappointed bears with cheered up bulls raised the market significantly. Litecoin has been attacking downward trend on 4-weeks maximum. Trading volumes are very low. The down trend has not been broken. Both fast and low moving averages are higher than current price and they have been decreasing. So, it is an ideal moment to open short positions. The zone of medium-term resistance starts from $ 105. The support is from $ 75. Further decline (after developing correction-consolidation) is more likely.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.