MisterCatt

LTCBTC Outlook

Long
MisterCatt Updated   
POLONIEX:LTCBTC   Litecoin / Bitcoin
- Short term ; Resistance : 0.0103 satoshi & 0.00994 satoshi || Support : 0.00977 satoshi & 0.00963 satoshi .
- Nice break out from symmetrical triangle formation as it's suspected to hit the next resistance of fibonacci line at 0.0103 satoshi.
- Indicators is over extend. i expect a minor consolidation before it resume it's bullish movement as the indicators on positive divergence.
- I'm bullish as long the price action for LTCBTC remain above 1 (since december 2018),2 ( since march 2017) ,3 ( support symmetrical line) lines.


4 hour indicators
- CCI + EMA : CCI is reach an over extended level, EMA on bullish zone indicate a good momentum for LTCBTC. both of it made a lower high and higher high as it's a bullish sign for now.
- OBV histogram : show a sign of interest for LTCBTC as the histogram spikes up. meaning a large sum of money flow toward LTCBTC recently.
- CMF : Hidden Bullish Divergence is sighted.
Comment:
ouch... it's just drop like a rock.. lol
Comment:
expect up trendline 1 to be the last bastion of support for LTCBTC.. beyond that.. God save Charlie Lee
Comment:
Nice hit on the 1st trendline. if it doesnt hold above it for a while. i expect halving event becoming Halving in price..
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