Post Halving Litecoin [LTC] Price Retraces From Highs Above $100, Downside Remains Strongly Supported | Crypto Craft

  • Post Halving Litecoin [LTC] Price Retraces From Highs Above $100, Downside Remains Strongly Supported

    From coingape.com

    Litecoin is flying the bullish flag high today with over 6% gains on the day. The massive gains come after correcting from mid-July lows at $74.61, Looking at the daily chart, the crypto made a compelling move touching $110 at one point. Unfortunately, the market has not been without the bears who have been forcing the price on critical support areas. The declines last week found support around the 23.6% Fib retracement level taken between the last drop from $130.03 to a swing low at $74.61. The bullish waves showed great love to digital assets across the board over the weekend sessions. Litecoin pulled closer to ... (full story)

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TwoSense
Aug 5, 2019 2:44pm
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We might retrace back to the $96 level. We can see that we broke out of a downward channel earlier today and it's been creating a new channel where we still have some downside left before hitting support. $96 would also be about what we need to see a 50% retracement from the highs before forming a new support level in this trend, and going higher.
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CryptonBlood
Aug 5, 2019 3:29pm
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Sooooo....No HODL??
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