LTC Trading idea
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Price moves in the lateral direction (flat). Moving Average points downwards, which indicates a downward trend.
To rise to the resistance level of $ 39.30, buyers need to fix the price above the support level of $ 33.17. Then you can open a long position.
But if the sellers break through the support level of $ 33.17, then the price drops to the support level of $ 29.41.
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Price moves in the lateral direction (flat). Moving Average points downwards, which indicates a downward trend.
To rise to the resistance level of $ 39.30, buyers need to fix the price above the support level of $ 33.17. Then you can open a long position.
But if the sellers break through the support level of $ 33.17, then the price drops to the support level of $ 29.41.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
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.
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.