Litecoin is now moving to the levels of 48.57-49.06 or at least to the EMA 34 as the Dynamic Resistance before it drops again to test the 45.09 level. It has already been confirmed by the price is fail to touch the lower Pitchfork line (The Hagopian Rules) and make a divergence between the price with the William %R. Please pay attention to the 51.17 level because if this level is broken, Litecoin is likely to continue its upward momentum. The digital currency may also test the 45.09 level.
(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com
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