Litecoin is riding along the support wall!

15 thg 3, 2018

LTC is one of the few coins still holding its main trend support on a daily time frame. Current support rests at 152.56 for LTC. Right now LTCUSD is trading within 3 dollars of the main trend line. Also of note is that a bottom alert (green cross) has appeared underneath the current bar. These usually appear at or near trend turning points and can be used to make trade adjustments. However, if Litecoin does close below the trailing stop then it's very possible that the green cross is simply the first of many that will appear over the next week or two. This is in similar fashion to when the top alert (orange cross) appears on the chart. During the final stages of a run up there can be 3 or 4 markers signaling to tighten your trailing stop before the eventual turn. If the daily price closes below 152.56, LTC could very well be headed to 100 to test recent lows.