Litecoin is bouncing off the support
Litecoin is bouncing off the support 190 in what seems to be the consolidation triangle of a larger degree. Rejection and reversal here and a break below 190 would lead to a deeper pullback to 180. We need to see a substantial continuation here to test the 220 triangle upside resistance. Litecoin is in the uptrend and from here and with a break above 230 we could see a larger upside swing medium to long-term.
Note – Look for the buy entries with the protective stop below 190
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