Litecoin to Move Lower? We look to Sell at 128.39 (stop at 131.21)
Intraday - We look to Sell at 128.39 (stop at 131.21)
The trend of lower intraday highs has also been broken. The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term sentiment. Previous support at 128.00 now becomes resistance. Follow through bearish momentum from 126.80 resulted in net losses.
Our profit targets will be 119.22 and 117.20
Resistance: 128.00 / 135.00 / 140.00
Support: 120.00 / 115.00 / 110.00
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