The Litecoin priced was dropped significantly last few days, The next structure low is at 108 that acts as support. If the price continues going down at that point, it will create a buying opportunity. The price respected that level twice and it is more likely it will do again. Moreover, there is a potential bat pattern formation, which increases the probability of this setup.
T1 – 38.2%
T2 – 61.8%
T1 – 38.2%
T2 – 61.8%
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Related publications
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.