Line_Tech

LTCUSD ANALYSIS

BITFINEX:LTCUSD   Litecoin
PRICE SEEMS TO BE HOLDING OUR BEARISH TREND LINES WHICH IS A GOOD SIGN . WE HAVE IDENTIFIED A SERIES OF SYMMETRICAL TRIANGLES WHICH WE HAVE USED PREVIOUSLY TO PREDICT WHERE WOULD PRICE LIKELY MOVE , A BULLISH PINBAR HAS DEVELOPED TO REJECT OUR LOWER TREND LINE OF THE CHANNEL , WE HAVE THEN DEVELOPED ANOTHER SYMMETRICAL TRIANGLE .WE ARE GOING TO MONITOR PRICE AND OBSERVE IF IT WILL HOLD OUR SYMMETRICAL TRIANGLE TREND LINES FURTHERMORE PRICE IS AT A VERY KEY SUPPORT LEVEL(OBSERVED) WE HAVE THEN IDENTIFIED SUPPLY ZONE/AREAS WHERE PRICE IS LIKELY TO REVERSE AND CONTINUE IN ITS BEARISH MOVEMENT .IF LTCUSD BREAKS OUR KEY SUPPORT THEN WE WILL SEE MORE BEARISH MOMEVENTS TO THE $101 LEVEL .

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.