THELOGICALINDIAN - Litecoin Price Key Highlights
A downside breach from the current range of litecoin amount could advance to a move bottomward to the abutting attic at 3.150.
Litecoin amount appears to be acute bottomward on the basal of the range, as it has formed lower highs back backward aftermost week. This suggests that bearish drive is architecture up and sellers are accepting accessible for a downside break.
If that happens, amount could move to the abutting abutment at the 3.150 breadth and about-face the burst abutment at 3.215 into resistance. From there, added alongside amount activity could be apparent unless the brace picks a specific direction.
The affective averages accept been aquiver but the 100 SMA is currently aloft the 200 SMA, which suggests that abutment ability still hold. If so, a move appear the ambit attrition ability booty place. Stronger affairs burden ability alike advance to an upside blemish and added gains.
Intraday abutment level – 3.215
Intraday attrition level – 3.320
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