Litecoin(LTC): Rejected 200 EMA
Updated
After that major rejection from the 200EMA price, LTC has had a hard and sharp rejection without any resistance from buyers.
We are seeing here a further movement to lower zones to occur, but we are prepared for a potential small correction as well before continuing the downward movement.
Swallow Team
We are seeing here a further movement to lower zones to occur, but we are prepared for a potential small correction as well before continuing the downward movement.
Swallow Team
Comment
Link has been rejected from lower support with yesterday's candle, while the current new one is still looking for ways to go.
There is a pretty high chance of seeing the price reach the upper zones, so keep an eye on that upper resistance as of now!
Comment
While the coin still struggles to breakdown or breakout from its current range, it is still gathering the volume for a smaller correction here.
We are looking at that upper resistance, which we think would be a good entry for a potential short position!
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