Litecoin could not hold above the moving averages and resumed the fall, first to $ 180 and then to $ 160.
The intersection of the moving averages on daily schedule is now on sale again. And the rate declines from the rapid moving average, as from resistance.
On the weekly chart, this trend indicator is still in the purchase. However, it is rapidly approaching sale and will give that signal in the next week or two, if there is no rapid take-off.
At the same time, Litecoin is consolidating quite far from the February minimum at about $ 100 and slightly lower off the support level.
Therefore, we lower the recommendation not to "Sell", but to "Neutral."
In the event of a breakthrough above $ 250, you can talk about the resumption of growth and buying.
In the case of a fall below $ 120 - about the resumption of the falling trend and the opening of short positions.
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The intersection of the moving averages on daily schedule is now on sale again. And the rate declines from the rapid moving average, as from resistance.
On the weekly chart, this trend indicator is still in the purchase. However, it is rapidly approaching sale and will give that signal in the next week or two, if there is no rapid take-off.
At the same time, Litecoin is consolidating quite far from the February minimum at about $ 100 and slightly lower off the support level.
Therefore, we lower the recommendation not to "Sell", but to "Neutral."
In the event of a breakthrough above $ 250, you can talk about the resumption of growth and buying.
In the case of a fall below $ 120 - about the resumption of the falling trend and the opening of short positions.
Profitable deals and follow our reviews!
