luckeyma

Litecoin Bullish Engulfing Candle on a V Bottom

Long
COINBASE:LTCUSD   Litecoin
Litecoin has formed a V Bottom and tested support. A strong Bullish Engulfing Candle has started the rebound. I have seen Sunday mourning historically show a lull in trading and the price testing support. I am looking at the $32.20 mark as a key resistance we may break then more back toward the $35 mark. Support looks to be around $29.85 to $29.30.

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.