Litecoin (LTC): Keep an Eye on 200EMA!!!!

Litecoin is back, and this time in the daily timeframe.

Here, our attention is all on that 200EMA, while multiple times it has been a zone of bounce for the coin.

Pressure is high and demand is high in that zone, so we are looking for any potential candles to secure this zone fully in order to see a full-scale movement to lower zones here!

Swallow Team

Comment:

While Litecoin is having hard times breaking that 200 EMA, we also see it trading in-between 100 and 200 EMA.

We are still keeping an eye on the potential breakdown of 200EMA, which would lead to further movement to lower zones!

Comment:

Litecoin is now testing the 100EMA looking for a possible breakout from here.

Despite that, we are still looking for the breakdown we are also keeping an eye on potential breakout that could happen, which would result a movement toward that orange line in upper zones!

Swallow Team