kyer

LTC Reversal Off of $121 Going LONG

Long
KRAKEN:LTCUSD   Litecoin
Litecoin just hit support at the $121 - $124 range and I believe it will reverse off of here. it will take time to reverse and a pump should come in the first week of February.

Daily Time frame of LTC


Looking at the daily time frame of Litecoin we can see that its already dropped 34% and looks like its bouncing off of $121. Its going to take some time to bounce back but this was a typical capitulation sell off. I believe it will bounce off of $121, worst case wick $114 before reversing back up.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.