". There is a possibility of temporary retracement to suggested support line (180.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. LTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
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We have drawn two black lines both on the price and the RSI which show a hidden divergence. Based on this divergence the price must continue going up.
There is also a red line drawn on the chart which acts as a resistance. If the price is able to break this line, it will make a pullback and...
Historical data shows that $145.90/$146 price region ( area with the red sad face ) has been a key resistance area for Litecoin (LTC). As a matter of fact, LTC attempted breaking that resistance in June 2019 but failed, due to the lack of trading volume ( red area below the graph I have highlighted in red with a red arrow ).
In January this year, Litecoin finally...
Reasonably strong performance from Litecoin keeping to the 4h resistance line and climbing despite the falling EMA.
However expect that to be challenges when the rising candle hists the falling trend line.