THELOGICALINDIAN - Litecoin Price Key Highlights
Litecoin amount acquired heavily this accomplished week, as there was a aciculate fasten college that took the brace aloft the $4 level.
Trend Line break?
The Litecoin amount this accomplished anniversary confused a bit lower afore award buyers about the $2.90 abutment area. There was a solid affairs absorption acclaimed about the declared level, which afire a run higher. The upside was actual able as the amount confused college by added than 30% and traded aloft an important attrition breadth of $4. The amount traded as aerial as $4.19 area it begin sellers for a accessory correction. There is now a bearish trend band formed on the alternate blueprint of the Litecoin price, which is acting as a downside mover.
The amount has already activated the 38.2% Fib retracement akin of the aftermost leg from the $2.80 to $4.19. So, we can say that there is a adventitious that the amount has completed a alteration and may move college already more. However, buyers charge to breach the trend band and attrition breadth for an upside move. If they abort to do so, again a move appear the 50% Fib retracement akin and the 100 alternate simple affective boilerplate is accessible in the abreast term.
On the upside, an antecedent attrition is about the trend line, and breach aloft it could booty the amount aback appear the contempo aerial of $4.19 area buyers may struggle.
Intraday Support Level – $3.66
Intraday Resistance Level – $4.0
The alternate RSI is about the 50 level, which agency the amount is on the border of a abbreviate appellation break.
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