BINANCE:LTCUSDT   Litecoin / TetherUS

As mentioned previously, #LTC will either break the previous high and move bullish or it will break below the low and move bearish. Obviously, it broke below the low as it got affected by #BTC like all alts and it dipped. MACD is showing bearish momentum, RSI is sold and EMAs are turning bearish. Price is currently sitting on the S/R flip at around $165 and it should hold above it. Price previously got rejected from the 2h supply zone at $230 where it moved bearish from there and it recently left a 6h supply zone at $202 on it's way down so we would wait and see price's reaction on that area.


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.