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Litecoin
Short

Litecoin above major support, watch for the break down.

By Tickmill
Broker

Litecoin is holding well above our ascending support line. The key idea is to wait for the break of major support at 249 (ascending support, horizontal overlap support) and this could trigger a bearish exit towards 223 support (Fibonacci retracement, elliott wave projection, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 96% where a potential corresponding drop could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternscrytocurrencyHarmonic PatternslitcoinshortLitecoin (Cryptocurrency)litecoinbitcoinlitecoinlonglitecoinusdLTCUSDltcusdlongltcusdshortTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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