LTC : Bearish Setup-4H Chart Analysis
Litecoin has broken down from the rising channel, showing weakness. The price is currently around 114.20 USDT and looks set for a correction.
First support/target is near 111.30 USDT, where price may pause.
If this level breaks, the next target is around 107.20 USDT.
The overall momentum is bearish in the short term unless the price moves back above 116 USDT to regain strength.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Litecoin has broken down from the rising channel, showing weakness. The price is currently around 114.20 USDT and looks set for a correction.
First support/target is near 111.30 USDT, where price may pause.
If this level breaks, the next target is around 107.20 USDT.
The overall momentum is bearish in the short term unless the price moves back above 116 USDT to regain strength.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.