LITECOIN: COMING PUMP?
The price, after breaking down the bearish trendline, created a huge bullish impulse until about 250 USDT. Then it retraced on the support placed at 180 USDT. At the moment, the rebound happened on that support shows positive signals. These aforementioned signals may suggest a coming back nearby the resistence area (underlined by the red rectangle). In case of a breakdown of the resistence area a huge bullish impulse may happen. On the countrary, if the trendline represented in green colour was broken down, the price might come back towards 180 USDT. It can be recommended to consider an eventual entering when the resistence area breaks down always setting the stop loss.
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