Viking83

Litecoin: A breath of relief in a bearish trend

COINBASE:LTCUSD   Litecoin / U.S. Dollar
On larger scale, Litecoin is in a downtrend, and I would not trade it personally on the long side, but price has found support at significant price Level counted from the top at the 200 day cycle. My Outlook is that price want to retest the 45 line before last leg Down in the corrective structure at the 273 day cycle before some sideways to accumulate before resuming uptrend.

Good Luck.
Comment: Broke "downtrend line". Silly Expression.
Comment: Now, excited to see if price can reach the target in time...
Comment: Very strong candles displayed. Good chance of trend continuation

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out