In the 4h chart it's clear a bearish flag, with LTC price that will probably touch the 100 EMA in the same zone of 61.8 Fibonacci retracement. Good coincidence, isn't it?
This is the overall picture.
If the 100 EMA does not work as a support line, expect Litecoin to touch the white drawn support line.
This is the overall picture.
If the 100 EMA does not work as a support line, expect Litecoin to touch the white drawn support line.
Note
PS: This is a short term analysisTrade closed: target reached
Told you
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.