quantguy

Litecoin Faces Resistance

Long
BITSTAMP:LTCUSD   Litecoin
Litecoin tested lower levels at $174, but found support just above that level as confirmed by green triangles on the KRI. We are currently testing the mid $190's, and are facing strong resistance from $195. We could be trying to establish value here in the somewhat wide range between $174 and $209. If we break down from here, expect support at $184 then $174. If we break out, we will need to surpass $202 then $209 is our next target.

Join my discord at discord.io/quantguy
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.