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Litecoin
Long

Litecoin has reached our support as expected, prepare for bounce

By Tickmill
Broker

Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support above 5.6% where a corresponding bounce could occur.

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Bitcoin (Cryptocurrency)Chart PatternsCryptocurrencyHarmonic PatternsLitecoin (Cryptocurrency)litecoinlonglitecoinshortLTCUSDltcusdidealtcusdlongltcusdshortTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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