Gobabacom

Litecoin - Moving Sideways

COINBASE:LTCUSD   Litecoin
Litecoin is moving sideways in the 53.15 - 51 band. Price is currently in the middle of the band, however, stochastic is at overbought, signaling a downwards move ,so a break below 51 support level will open the way to main support at 47. On the other hand, if we see a break above the 53.15 resistance despite the stochastic indicator, we are going to follow a bullish scenario targeting 56.80

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