LITECOIN Coming Up On $48 Resistance With Declining Bull VolumesteemCreated with Sketch.

in #litecoin5 years ago

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So, regardless of what happens in the longer term market, Litecoin is going to be looking for a pullback and support test before too long. Likely, we will see a bounce off of $48 support and then prices should come down to test support at $40.

Bull volumes are declining, so since we've already seen a volume climax, this typically signals the end of a big move. Of course there's potential for higher gains, but the signals traditionally are pointing toward a bounce off of resistance and then test of supports to prove bulls a strong force.

If the $40 support level fails, there's still plenty of room until we test the support in the upper $34 level. Either way, these supports are still ensuring that prices hold higher lows on the charts for continued bull signals.

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