Litecoin on major support, prepare for a potential bounce!

BITFINEX:LTCUSD   Litecoin / U.S. Dollar

Litecoin is seeing major support above 222.06 (horizontal swing low support, bullish divergence , Fibonacci retracement ) and a strong bounce could occur at this level to push price up towards 244.57 resistance (50% Fibonacci retracement , horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 3.6% and also sees bullish divergence vs price signaling that a potential reversal could be impending.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice.
Special thx bro! Saved my day ;)
If only the hideous news of yesterday had not come.
AntoineMonteillard Sandeshgangadhar
@Sandeshgangadhar, which was ?
Sandeshgangadhar AntoineMonteillard
@AntoineMonteillard, China Mining ban and Korea crackdown FUD all over the crypto news
You didn't guess it right.
+1 Reply
johndrewcox apribytkovsky
@apribytkovsky, You can say that again!
did not happen
Could be the same for BTC, XRP AND ETH too?
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