TradingView
CryptoAlpha0
Mar 7, 2019 4:06 PM

LTC could see a small pullback before going higher 

Litecoin / U. S. DollarKraken

Description

Currently at resistance on the DI, as demonstrated by previous significant highs. Sell pressure is putting showing a positive divergence with higher lows, while buy pressure is making lower highs. Expecting a small pullback to support or a period of consolidation before moving higher.
Comments
espenespen
Thank you for your very comp TA. Where do you expect the next support to be for this pull back? I tried to asses EW, put isn't particularly clean?
CryptoAlpha0
@espenespen, thank you for your feedback on the chart I'm glad you liked it. I would expect that a if it pulls back it would go to approximately the $52 level, right at the prior highs from 23Feb
More