Litecoin has been falling after hitting a resistance around $307 on jan 6,the price currently close to area of support where the 200EMA lies on the 4 hour chart.Technical indicators still showing downward trend,what could be the reason for this recent downward trend? technical correction?
The pair really moving very slow this year, will stand aside for now and wait for the pair to hit the last support from yesterday where the EMA200 currently lies around $231 and go short from there setting take profit at $300setting stop loss below the support line at $200 or $199.
The pair really moving very slow this year, will stand aside for now and wait for the pair to hit the last support from yesterday where the EMA200 currently lies around $231 and go short from there setting take profit at $300setting stop loss below the support line at $200 or $199.