TradingView
Forex_Academy
Jun 30, 2018 4:51 PM

Litecoin rebounded but still under pressure 

Litecoin / DollarBitfinex

Description

LTC/USD has lost altitude in the last hours and it has failed to resume the bullish momentum towards the sliding line (sl1). The perspective remains bearish despite the aggressive rally as the rate is trapped below several very strong dynamic resistance levels.
A failure to make a valid breakout above the sliding line (sl1) could really send the rate towards the 250% line.
More