readCrypto

Lite Coin (LTC) - May 6 (1W)

BITFINEX:LTCBTC   Litecoin/Bitcoin
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Bitcoin Halving has about 7 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.

It fell below the most basic long-term trend line (1).
It is also falling below the 0.005346 point.

I think it's a good idea to stop trading for a while and watch the situation until you re-enter the large box section, 0.006811 to 0.018959.

At a minimum, you need to make sure you're supporting above the upward trend line (1).

If you don't get to the 0.005346 point quickly, I think you can touch the 0.002750 point.

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Rather than deciding to which point it will rise, I hope now that we can decide at what point we should preserve our profits and losses and close the upward trend with good results.

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See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.

Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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