Today’s coin of the day is Litecoin. Price has bounced off our $130 support zone & dynamic support. Last time we were at this price we had some consolidation for 3-4 days, followed by a breakout towards the upside. Although the market is an aggressive downtrend, 2018 may have possibly been reached. If price does not hold at this level expect a drop towards $120 , Stochastic RSI showing us momentum is still bearish. Patiently waiting for a daily close above $140 before taking any entries.
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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.