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douglasswg
Sep 28, 2020 11:53 PM

Litecoin found support at 43$ Long

Litecoin / DollarBitfinex

Description

- Good buy after recent high pullback at 47$
- Executing a good 2.6 RR buy targeting 53$ ; SL 42$ and below
- Current support based on previous congested zone
- Using wick to body, Fibs retracement 38.2% level is at 53%
- First resistance to retest EMA100 @ H6 chart

Trade active

Another leg down to 45$ last night, we are moving upwards now.
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