LTCUSD (Litecoin) – Week 13 – Channel reaction
iCE3X, a local crypto-currency exchange, continues to be out of Bitcoin and Litecoin, and has announced that it will shut down the site. Gareth Grobler, CEO of iCE3X, says, "It has come to our notice that there are inconsistencies in the balances relating to Bitcoin and Litecoin we keep on the site."
Technically, Litecoin could break to the downside to retest the support area at $150. However, we have a clear trendline marked with red on the chart, which if broken and a consolidation occurs above it, we will head towards higher prices.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, Litecoin could break to the downside to retest the support area at $150. However, we have a clear trendline marked with red on the chart, which if broken and a consolidation occurs above it, we will head towards higher prices.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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