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PerfectGreenMan
Jun 17, 2018 12:08 PM

LTC - Been very weak this year 

Litecoin / DollarBitfinex

Description

Strong support @ 66. Good R/R.
Comments
cprime
How can you say strong support at 66 when we haven't tested it in a long time?!?
PerfectGreenMan
@cprime, You obviously don't know much about trading and technical analysis, but it works as support because shorts see that this level has worked as heavy resistance and is now most likely strong support, and are therefore covering/taking profit there, while longs are buying there. That's how support and resistance levels works.
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