LitecoinPenjualan
LTC fighting resistance.
Litecoin was the top requested coin for me to chart, so enjoy and thank you again for the support!
LTC is finding resistance from a few different levels. the .786 Fibonaaci, pitchfork, channel and horizontal resistance. After being the strongest alt coin with its 150% rise and by its self starting a mini alt season in the space (Litecoin was lead bull), it is now struggling for another Wave upwards. For this reason a retracement seems like the most likely outcome, to the .382 retracement of Wave 3 or 1 of the Pitchfork sat around $49 dollars, if this level is broken $42 holds a lot of support too. Top targets for me shorter term if we breach though $60.82 would be the highlighted red horizontals on my chart.
$53 dollars which was old resistance has flipped nicely into support and I did take a scalp long from that a few days back (closed now). We also have the mid point of the pitchfork so there is support to be had on Litecoin. Either way it is a good coin to be scalp trading.
Although support is being held nicely at the moment (good sign for the bulls), I am trading a pullback.
Will cover the count in more depth over on youtube.
LTC is finding resistance from a few different levels. the .786 Fibonaaci, pitchfork, channel and horizontal resistance. After being the strongest alt coin with its 150% rise and by its self starting a mini alt season in the space (Litecoin was lead bull), it is now struggling for another Wave upwards. For this reason a retracement seems like the most likely outcome, to the .382 retracement of Wave 3 or 1 of the Pitchfork sat around $49 dollars, if this level is broken $42 holds a lot of support too. Top targets for me shorter term if we breach though $60.82 would be the highlighted red horizontals on my chart.
$53 dollars which was old resistance has flipped nicely into support and I did take a scalp long from that a few days back (closed now). We also have the mid point of the pitchfork so there is support to be had on Litecoin. Either way it is a good coin to be scalp trading.
Although support is being held nicely at the moment (good sign for the bulls), I am trading a pullback.
Will cover the count in more depth over on youtube.
Pernyataan Penyangkalan
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.