Hello traders litecoin is seeing a little bit of a selloff and we are approaching an important level. I will be looking to see if the price is able to bounce off of the 100SMA (the orange line) at the $255 level. if the price bounces and we get a reversal signal that price will be good for long term trades. However if the price falls below that 100day moving average i expect to see the price fall back down to previous support around the $230 price range. Just my insight hope this finds you well good luck traders and remember be PATIENT!!
Peace
Peace
Trade ist aktiv:
looks as if litecoin has broken through the SMA100 that was holding support ill be watching closely to see if a previous support zone at $230 range. if price doesnt hold there ill be watching for strong support around $205-210