Litecoin testing major resistance, watch for a reversal!

BITFINEX:LTCUSD   Litecoin / Dollar
Litecoin is now testing strong resistance at 183 (descending resistance line, Fibonacci retracement , horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support ( Fibonacci extension , horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of that would signal a stronger potential bearish acceleration downwards.

RSI (34) sees intermediate resistance at 53% where a corresponding reaction could occur. Similarly with price, we have to watch our ascending support line as only a break of that would trigger a potential bearish acceleration.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trade geschlossen: Ziel wurde erreicht: Whoo! This is what I call the perfect trade :)

Guys, do me a favour and join this telegram group for more real-time updates : https://t.me/tickmillroom

It allows me to update you guys better on our trade calls especially in the trade management part :)
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
very proficient analyst, thanks
+1 Antworten
any updates
+1 Antworten
Thank you for the heads up
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden