Litecoin has had a nice meltdown from the last top zones, where we had a good breakdown of the neckline zone, and now we are re-testing it.
We are looking here for a weakness to kick in near the re-test and a potential further movement to lower zones. If all plays out nicely, we should see a movement towards 200 EMA.
Swallow Team
We are looking here for a weakness to kick in near the re-test and a potential further movement to lower zones. If all plays out nicely, we should see a movement towards 200 EMA.
Swallow Team
Comment:
We are looking for a weakness near that re-test to happen, so eyes are open here for sure!
After a breakdown, we had a small 5% movement while the price was not re-testing the broken zone!
We are looking for a weakness near that re-test to happen, so eyes are open here for sure!
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We are not looking for further movement here, and as some of you may know already, we have shorted it ourselves as well 😉.