Bearish sentiment on LTC - Quick bounce before continue

27 Oca

Today we wake up with a leg down on the market, if you can see we bounce back from the Fibonacci level 0.5, we might look to bounce until the zone 110-114 before continue the leg down.

We have test the Golden Pocket 3 times during this range and we might go for the third and last time before the bull run start this year.

I will be entering the market any level below the 0.5 level and continue layered for a better DCA.

See you soon at $170

29 Oca

İşlem aktif

We bounce from EMA 50 to the resistance of $114 which is a key level that previously was an ATH and now have became a good support/resistance level.

If daily candle close below that level we can continue to a lower level of EMA 100 at around $101.54

Remember today is an important day as there is a FOMC meeting.