Litecoin: A breath of relief in a bearish trend

On larger scale, Litecoin is in a downtrend, and I would not trade it personally on the long side, but price has found support at significant price Level counted from the top at the 200 day cycle. My Outlook is that price want to retest the 45 line before last leg Down in the corrective structure at the 273 day cycle before some sideways to accumulate before resuming uptrend.

Good Luck.

Commento:

Broke "downtrend line". Silly Expression.

Commento:

Now, excited to see if price can reach the target in time...

Commento:

Very strong candles displayed. Good chance of trend continuation