Hello, Traders!
Monfex is at your service and today we overview LTC/USD.
What do you expect from Litecoin ?
LTC dropped well, formed a triangle and can be pulled closer to the nearest resistance, it is the ex-support zone near $ 62 and 50% Fibonacci level near $ 65.3 .
But!
You need to act only by some breakout of the resistance with crossover MA50 of the triangle near $ 58 or short by breakout the support line.
It is dangerous to enter the deal without breakout, since the trend is locally downtrend.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monfex is at your service and today we overview LTC/USD.
What do you expect from Litecoin ?
LTC dropped well, formed a triangle and can be pulled closer to the nearest resistance, it is the ex-support zone near $ 62 and 50% Fibonacci level near $ 65.3 .
But!
You need to act only by some breakout of the resistance with crossover MA50 of the triangle near $ 58 or short by breakout the support line.
It is dangerous to enter the deal without breakout, since the trend is locally downtrend.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.