TradingView
Tickmill
Jan 16, 2018 4:58 AM

Litecoin on major support, prepare for a potential bounce! Long

Litecoin / DollarBitfinex

Description


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.
Comments
apribytkovsky
You didn't guess it right.
TrumpStonks
@apribytkovsky, You can say that again!
sugat
Special thx bro! Saved my day ;)
Kingler
If only the hideous news of yesterday had not come.
AntoineMonteillard
@Sandeshgangadhar, which was ?
Kingler
@AntoineMonteillard, China Mining ban and Korea crackdown FUD all over the crypto news
Bigby
LOL
mybids
did not happen
basler_bebbi
Could be the same for BTC, XRP AND ETH too?
More