Lite Coin Is Still Bullish For $112.87

Lite Coin Is Still Bullish For $112.87: The trend seems to be bullish but losing its momentum due to the low volume from the last few days. Price has already crossed 200 MA. But after the rally in the crypto market in taking breathe for from last 3 days. Globalexchange.

Globalxchange MACD is showing a slight loss in momentum. The Ichimoku cloud showing chances of the trend for more few weeks. Right now the convergence line is moving above the baseline. Stochastic is showing an upward bend.

According to the charts, the target of $112.87 can be achieved. But before this, some correction can be seen.

Global exchange. Lite Coin Is Still Bullish For $112.87**:** Right now there are two support levels near the trading price. If we take the position now we can target the price level of around $112.87.

Globalxchange. If the market breaks the level 1 support then we can see the price around $74.78.  The price level of $51.57 can be reached if the market takes a downturn with strong volume.

Wait for price to break in any direction then try to take a profitable position.

Better chances will be created for a downward breakout because in upside traders may not get the chance to take the position.