BillCharison

$LITECOIN - Bearish Setup. What one Need for a GROWTH?

COINBASE:LTCUSD   Litecoin / U.S. Dollar
On the chart we can see a bearish setup. First of all, there were two ascending supports, both of them were breakdown. Now these supports transformed into resistances. There is only one thing that keeps the price and doesn't let one to fall - the support level at the 83$. In case this support will stay strong, $LTC will get great chances of going upward and coming back into ascending channel . The first sign of up-trend continuation will be the breakout of the $97 resistance, next resistances are $109 and $125. When Litecoin will come back into the ascending channel, you need to closely follow its location relative to global support which helped $LTC to pump many times before.
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Nice work Really Appreciated work.
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Hope this will uptrend soon!
+1 Reply
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