LTCUSD started a very good bullish run in the past 14 days. If you look at the daily chart you see that the price reached resistance at 140.00 and was rejected. We can see the yellow zones, which acted as resistance in recent days, but today LTCUSD rushed through them without any problems. They will now act as a support at 170.00 level. The whole market seems to be bullish and I think that it shows the real strength of bulls. Based on past days market signals, I think we should expect for further upward movement to 210.00 level resistance in next days. And to higher values in next weeks.Remember always tend to buy on supports and sell at resistances!
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Trade active
Litecoin retraced to a very attractive buy-in point. Opening trade.Trade active
Adding to long position.Trade active
Adding to long term position.
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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.