Litecoin is at the crucial supportzone of 46$-49$ Zone.
The recent Swing low from 83$ to 47$ was 78.60% retracement of the last Swing high.
If litecoin stays above this support zone between 46$-49$ and the horizontal trend support line for more than one day. We can buy or initiate a long position from this zone.
The recent Swing low from 83$ to 47$ was 78.60% retracement of the last Swing high.
If litecoin stays above this support zone between 46$-49$ and the horizontal trend support line for more than one day. We can buy or initiate a long position from this zone.
Trade closed: stop reached
Comment:
All the crypto markets following global Market. It will be even more bad for crypto in the upcoming days, Bitcoin will break the lows of 3000$, there is huge chance of BTC breaking 3000$. It's good to stay out of the market for the moderate and low risk takers.