Litecoin / TetherUS

LTC AND THE 50EMA

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Not stating this as definitive evidence, however, as traders and investors, if something sticks out to you do not ignore it... That being said, LTC last visited the $93ish resistance and failed just over a month ago. At that point, the 1-hr 50EMA was LTC's support on the way up, but after rejection it served as a substantial resistance...now look at today's chart. After double-topping and failing at the $93ish region, we see a pullback and potential suppression by the 50EMA on the 1-hr.

This is something I am staying very vigilant of, and looking forward to ultimate long positions, which may exist at the $82 region if LTC respects the longterm trend again.

Not financial advice and the best of luck to everyone!

Let me know if you see something different!

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