Good day Traders!
Litecoin still moving down, currently testing upper parallel resistance after breaking it earlier at (1). Depending on the 4H close, we could see further move down towards support at lower parallel + 1H 200 EMA at (2) or a move higher towards likely resistance at upper parallel at (3). Should price move towards support at (2), a good reaction off that level could provide a possible long entry.
Litecoin still moving down, currently testing upper parallel resistance after breaking it earlier at (1). Depending on the 4H close, we could see further move down towards support at lower parallel + 1H 200 EMA at (2) or a move higher towards likely resistance at upper parallel at (3). Should price move towards support at (2), a good reaction off that level could provide a possible long entry.