THELOGICALINDIAN - Key Highlights
Litecoin amount authoritative an attack to move higher, but sellers are adverse some key attrition areas which are bare to be breached.
It looks like that afterwards the aberrant abatement as mentioned in one of the antecedent analyses, the Litecoin amount is award buyers about $3.20 abutment area. The amount fabricated an attack to actual higher, but it faced hurdles. The best important one was the bearish trend band on the 4-hours chart. Moreover, the 23.6% Fib retracement akin of the aftermost bead from $8.98 to $3.24 is additionally advancing into comedy to act as a resistance.
What’s Next?
There is one added important affair to note, as the amount is disturbing to achieve aloft the 100 simple affective boilerplate (H4). We can say that buyers adverse a boxy analysis and it would be adamantine for them to booty the amount higher. If they administer to do so, again the abutting barrier for them could be about the 38.2% fib level. The $5.50 akin acted as a attrition on abounding times, which agency there is a adventitious of sellers actualization about it if the amount moves higher. Let us see how the amount moves during the accessible week.
On the downside, the aftermost beat low of $3.24 ability abide to act as a abutment area. A breach beneath it could advance the amount lower may be appear the abutting abutment breadth at $3.00.
Intraday Support Level – $3.24
Intraday Resistance Level – $4.10
The H4 RSI beneath the 50 level, which is a admonishing assurance for buyers affective ahead.
Charts address of Trading View
