Litecoin. The next stage of the bearish trend.
So, the idea of a short from $ 200 from the past review on Litecoin worked out. The local minimum was exactly above the specified support level of $ 100.
The rebound from the support turned out to be quite strong and the rate today is exactly on the fast moving average and the former local support level, which has now become the resistance: $ 165. This is a good place to re-enter with short positions. The goal is already traditional for cryptocurrencies: -50%, that is about $ 80, stop above $ 200 that is 25%
Support levels: $ 100, $ 75, $ 50
Resistance: $ 165, $ 200, $ 220
The rebound from the support turned out to be quite strong and the rate today is exactly on the fast moving average and the former local support level, which has now become the resistance: $ 165. This is a good place to re-enter with short positions. The goal is already traditional for cryptocurrencies: -50%, that is about $ 80, stop above $ 200 that is 25%
Support levels: $ 100, $ 75, $ 50
Resistance: $ 165, $ 200, $ 220
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