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Litecoin rebound from the Bullish Trend Line
Coin of the day is Litecoin.
LTCBTC once again found support on the Global Bullish Trend Line and bounced off it, supporting the global uptrend pattern.
This is a common tendency for the markets, to re-balance portfolios into the Litecoin when BTC falls.
High volumes at the during the rebound on 07.03.2018 proves the bullish mood of the coin.
From the upside, there is a resistive zone of 23,6% Fibo retracement level and 0.02 psychological resistance. Breakthrough of the 0.02 resistance will send the coin higher, to the 0.022 level.
From the below, we have 0.019 support and Trend Line.
LTCBTC once again found support on the Global Bullish Trend Line and bounced off it, supporting the global uptrend pattern.
This is a common tendency for the markets, to re-balance portfolios into the Litecoin when BTC falls.
High volumes at the during the rebound on 07.03.2018 proves the bullish mood of the coin.
From the upside, there is a resistive zone of 23,6% Fibo retracement level and 0.02 psychological resistance. Breakthrough of the 0.02 resistance will send the coin higher, to the 0.022 level.
From the below, we have 0.019 support and Trend Line.
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