Lite Coin (LTC) - July 18

17 Tem 2020

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It fell from two short-term uptrend lines.

You need to make sure you can get support in the 0.004209-0.004461 section.

Depending on the Fibonacci retracement rate, if you fall from 0.004209 to 0.004461, there is a possibility that it will fall to 0.003276-0.003572.

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(Binance LTCUSDT 1D chart)

We need to see if we can rise above the 42.37 point and get support.
You should also check to see if you can get out of the downtrend line (2).

I think it is most important to deviate from the downward trend line (2) in the current situation.

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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.

Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section