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Litecoin on major support, prepare for a potential bounce!

Oleh Tickmill
Broker

Litecoin is seeing major support above 222.06 (horizontal swing low support, bullish divergence, Fibonacci retracement) and a strong bounce could occur at this level to push price up towards 244.57 resistance (50% Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 3.6% and also sees bullish divergence vs price signaling that a potential reversal could be impending.

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Chart PatternscrytocurrencyHarmonic PatternsLTCUSDltcusdanalysisltcusdbuyltcusdidealtcusdlongltcusdshortltcusdsignalLTCUSDTTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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