LTC Strong liquid area
Hi everyone, if you like this analysis then put a Like to support us.
Since the price is fixed under a strong resistance level of $ 39.50, it will most likely continue to decrease to a strong liquidity zone $ 34.50 - 35.50. The decline in the Moving Averages is a confirmation of this. Therefore, you can open the short position.
But if in the near future buyers will fix the price above the local level of strong resistance $ 40.85 (unlikely), then you can open a long position.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
Since the price is fixed under a strong resistance level of $ 39.50, it will most likely continue to decrease to a strong liquidity zone $ 34.50 - 35.50. The decline in the Moving Averages is a confirmation of this. Therefore, you can open the short position.
But if in the near future buyers will fix the price above the local level of strong resistance $ 40.85 (unlikely), then you can open a long position.
_________________________________________
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.