Litecoin(LTC): Looking For Rejection From EMAs

Litecoin has broken out of the local resistance zone, where the price has somewhat secured this zone as well.

We are not looking at further pushes to EMAs or a local rejection from the current zone (fakeout scenario).

We are waiting for outer zones to be reached, and from there we will be looking for further movement, either to upper zones or to lower zones (breaking that trend as well).

Swallow Team

Komentarz:

Litecoin is yet to show any weakness, but despite that, we are keeping an eye on 200EMA.

We want to see a nice rejection from that zone, and we will be looking for a re-test of the local broken zone (from which we will have 2 possible scenarios).

Komentarz:

Litecoin has made a nice rejection from the zone we have been looking at (200EMA), while now we are seeing a price near the local support zone.

We are keeping an eye on it, as we can see both breakdown and push from here, so we are waiting for further confirmation.

We are looking more for a downward push here!