Litecoin exited the range, breaking through the support level on $ 200 and testing it from below, now as the resistance.
Thus, we can state the development of a downward trend.
And since, according to the axiom of technical analysis, the trend is more likely to continue than to change, so further decline is more likely.
The support zone starts at $ 100.
Resistance is at $ 200.
Sell.
Thus, we can state the development of a downward trend.
And since, according to the axiom of technical analysis, the trend is more likely to continue than to change, so further decline is more likely.
The support zone starts at $ 100.
Resistance is at $ 200.
Sell.
