CapMoore

#1 Crypto LTC/USD At Strong Resistance Feb 4 2018

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Price has bounced off the Daily SMA200 and is now facing strong confluence resistance on the H4 chart.
Bulls would like to see price cut through this level and close above 220, which would be a good bullish
sign. Normally, price would pull back at this resistance on a first test before trying to breach it again.
If price fails to get back up after a pullback, we might see a move towards previous lows.

Support:
S/R @ 165
Weekly S2 @ 152
S/R /Weekly S3 @ 140
Monthly S1 @ 98

Resistance:
Weekly S1/ S/R / H4 Cloud @ 175
S/R /Weekly pp             @ 185
S/R / Monthly pp/ Weekly R1/ Daily Trendline/
SMA200 (H4) Daily Cloud @ 200-220


Trend: Bearish (Ich)
Bullish signs: Daily SMA200 Support
we broke Weekly S3...we go down to 100 ?
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perfect.time to buy
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