profzigzag

Litecoin outlook

BITFINEX:LTCUSD   Litecoin
Good day Traders!

LTC still in downward trend. Key level is (1), a close above this level would breach the upper parallel of downward pitchfork and create a new higher high, indicating a likely further move up. Should resistance at (1) hold, further move down is expected towards support at 4H 200 EMA.
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