LITECOIN (LTC/USD) - Technically Strong Areas
The higher area consists of:
- Fibonacci retracement 38%
- Strong area, only strong candles have managed to crack this level.
- The semi-round number $70
This level should hold us if the BTC price doesn't drop below $4,800
The lower and the better entry point would be around the $50
- Perfect Fibonacci retracement 62%
- Fibo retracement matches exactly with previously worked support and resistance levels
- The round number, $50, should play also a significant role in this game
- EMA's should start to act as support levels around that area.
From the technical perspective, those levels are pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice weekend,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
- Fibonacci retracement 38%
- Strong area, only strong candles have managed to crack this level.
- The semi-round number $70
This level should hold us if the BTC price doesn't drop below $4,800
The lower and the better entry point would be around the $50
- Perfect Fibonacci retracement 62%
- Fibo retracement matches exactly with previously worked support and resistance levels
- The round number, $50, should play also a significant role in this game
- EMA's should start to act as support levels around that area.
From the technical perspective, those levels are pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice weekend,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
Comment:
Perfect! :)
