Mastex

Will LTC drop out of the down channel?

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Hello Dear Investors,

When we look at the 4-hour chart for the LTC, we see that the green lines move in the downward channel . A leap forward from this channel will carry us to the resistance on the red line. It turns out to be a strong resistance line. For the LTC we will receive rise signals along with breaking this line. Again, breaking down the green line can carry us back to the blue line. Let's look at the direction of this green line for now.

The technical information I give is for educational purposes.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.