#Litecoin update: forming a bullish #bat around 200DMA support
#Litecoin is currently trading below the 20,50 & 100 DMA’s.
Yesterday’s closing for liecoin was above the 200DMA, if today it manages to close ablove the 200DMA level at 0.0161 then it will give bullish signal,
we will have to look for price reversal confirmations, around the D leg of the Bullish bat pattern, with Target levles being:
T1: 0.190 region
T2: 0.213 region.
However if litecoin closes below the 0.0161 level then below support level is the 50fib level at 0.0152
Yesterday’s closing for liecoin was above the 200DMA, if today it manages to close ablove the 200DMA level at 0.0161 then it will give bullish signal,
we will have to look for price reversal confirmations, around the D leg of the Bullish bat pattern, with Target levles being:
T1: 0.190 region
T2: 0.213 region.
However if litecoin closes below the 0.0161 level then below support level is the 50fib level at 0.0152