ehanuise

LTCUSD in purgatory hell

BITSTAMP:LTCUSD   Litecoin
LTCUSD still going back into the triangle, after a couple tests downwards. There are several support/resistance levels at play here : the long term triangle (yellow), the new upwards channel (light green),, resistance of the EMA200 (purple) and the $115 support level. The sideways could go for a while and we need a clear break above $125 or below $115 for an actual new trend to emerge. Make sure to wait for a confirmation before you engage in any big trade.
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.