Digital currencies are becoming to a greater extent than as well as to a greater extent than liquid, as well as roughly of the major cryptocurrencies such equally Litecoin/Bitcoin convey popular off real suitable for technical analysis. I convey been trading
Litecoin for well-nigh 2 years now, as well as I convey observed real forex-like lead on the Litecoin charts, peculiarly when it comes to support/resistance levels.
Price Pivot #1: $4.30 This grade has been used multiple times equally resistance, equally good equally support. I would reckon this a cost pin area. Litecoin is currently trading bellow 4.30, hence this grade is probable to human activeness equally resistance now!
Price Pivot #2: $4.15 The 4.15 expanse does convey a few to a greater extent than touches than the 4.30 level. I would tell this zone caries a flake to a greater extent than weight from a technical perspective. This grade was used equally back upwardly on 3 divide occasions, as well as twice equally support. Definitely a rigid as well as proven pin zone. This grade is likewise probable to human activeness equally resistance, since cost is currently trading bellow 4.15!
Price Pivot #3: $4.50 The 2-hour Litecoin nautical chart actually shines hither equally it cleanly shows all the instances the marketplace seat bounced from 4.50 cost level; 4 times equally support; 1 time equally resistance. I reckon this a
major pin area, whatever time to come marketplace seat rallies volition most definitely run across resistance at 4.50! Mark this 1 on your charts!
Chart Source: https://www.okcoin.com/market.do?symbol=1
