Aloha, traders!
Over the past week, we've seen Litecoin explode, as we had predicted over the weekend. However, its trend has continually been pushed back down by a common resistance line (green above). Now, on the 1H chart, we can see Litecoin is bouncing between a support (58) and resistance (60) line. If it can break either of these with good volume, expect more price action in that direction. I am very skeptical that Litecoin will continue its bullish rally in the short term, though.
We do not have any position on Litecoin at the moment, but should keep an eye for it to smash one of those 2 lines.
Thanks for reading, leave a like if you agree!
Over the past week, we've seen Litecoin explode, as we had predicted over the weekend. However, its trend has continually been pushed back down by a common resistance line (green above). Now, on the 1H chart, we can see Litecoin is bouncing between a support (58) and resistance (60) line. If it can break either of these with good volume, expect more price action in that direction. I am very skeptical that Litecoin will continue its bullish rally in the short term, though.
We do not have any position on Litecoin at the moment, but should keep an eye for it to smash one of those 2 lines.
Thanks for reading, leave a like if you agree!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.