Author Topic: Litecoin Technical Analysis for 08/11/2015  (Read 821 times)

Offline AleppoA

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Litecoin Technical Analysis for 08/11/2015
« on: August 11, 2015, 03:31:36 PM »
Litecoin Technical Analysis for 08/11/2015

  The 30-minute Litecoin chart is showing that the $4.00 level has become a major pivot zone over the last five days of trading. The $4.00 level has acted as support on three separate occasions, and another three times as resistance. Price managed to break above the $4.00 level today, and now this zone is acting as support again. Unless the market heads lower and closes underneath this pivot area, the most likely direction for price is UP!! If price gets underneath the $4.00 level, this area will turn into resistance again.
 
 
http://themerkle.com/market-analysis/litecoin-technical-analysis-for-08112015/