Trading plan: LTCUSD (Litecoin)
Litecoin stubbornly bounces from the level of $ 132. It seems that the bounce of its rate is brewing up.
A volume analysis shows that Litecoin is near its support zone: $ 132 - $ 127 (look at point 1 on the chart).
Priority of the day: neutral position on LTCUSD.
Litecoin began to reduce sales volumes, histograms of volumes at the bottom of the chart are decreasing. This means that soon the bulls will win and Litecoin rate will grow to $ 136 or even $ 141.
Projected scenarios:
1. Sell LTCUSD from $ 132 to $ 127.
2. LTCUSD may remain for a couple of days in flat.
An alternative scenario:
LTCUSD is more likely to break from its support zone $ 132 - $ 127 and storm off to $ 141.
A volume analysis shows that Litecoin is near its support zone: $ 132 - $ 127 (look at point 1 on the chart).
Priority of the day: neutral position on LTCUSD.
Litecoin began to reduce sales volumes, histograms of volumes at the bottom of the chart are decreasing. This means that soon the bulls will win and Litecoin rate will grow to $ 136 or even $ 141.
Projected scenarios:
1. Sell LTCUSD from $ 132 to $ 127.
2. LTCUSD may remain for a couple of days in flat.
An alternative scenario:
LTCUSD is more likely to break from its support zone $ 132 - $ 127 and storm off to $ 141.
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