LITECOIN is falling and is now trading on the rising support However, if this support fails LTC will most likely keep falling I think that the fall will stop once the crypto reached the horizontal support And will bounce Up from there To retest the rising support, that will become resistace This is my trading plan for LTC Long from support!
Outlook: Expecting LITECOIN to recapture its $93.159 high and beyond. Breaking above $86.970; is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis: The break above $93.159 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the next upside hurdle. The bulls are in control while $64.602 - - stays intact as support.
Bottom Line: A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note: Prices can vary between LITECOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
yarilibra13
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Thank you for posting this. I was feeling really discouraged with my litecoin. I'm new to trading, and new to cryptocurrencies. This is my first one :)