Due to Halvening for litecoin is approaching. LTC/BTC had a run for quite a while.
On 1 day chart. if Cup and handle is formed. i expect a huge break out above resistance line around 0.0185 satoshi if it do broke out that resistance. mean while i expect a minor consolidation from each resistance/support by fibonacci retracement.
Vertical line is a date for Ltc halvening day
This chart could be invalidated once the ltc/btc made a significant lower low (0.011 satoshi) or manage to consolidating below recent trendline.
for Indicators:
DMI : DMI+ is rising while DMI- is decreasing and DMX is rising along side with DMI+. good bullish movement is expected for this asset.
Dominance : Compared with LTC, ETH and XRP.. LTC is currently dominate these 2 biggest market cap. bullish for LTC for now
Macd : Macd line keep rising above 0 line/ bullish territories and buy histogram is still keep building up currently
MFI : show a little bit divergence as it's on oversold area while i expect a minor pull back. it's still in bullish area
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
On 1 day chart. if Cup and handle is formed. i expect a huge break out above resistance line around 0.0185 satoshi if it do broke out that resistance. mean while i expect a minor consolidation from each resistance/support by fibonacci retracement.
Vertical line is a date for Ltc halvening day
This chart could be invalidated once the ltc/btc made a significant lower low (0.011 satoshi) or manage to consolidating below recent trendline.
for Indicators:
DMI : DMI+ is rising while DMI- is decreasing and DMX is rising along side with DMI+. good bullish movement is expected for this asset.
Dominance : Compared with LTC, ETH and XRP.. LTC is currently dominate these 2 biggest market cap. bullish for LTC for now
Macd : Macd line keep rising above 0 line/ bullish territories and buy histogram is still keep building up currently
MFI : show a little bit divergence as it's on oversold area while i expect a minor pull back. it's still in bullish area
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Comment:
as long it held 1st and 2nd up trendline + 200 SMA.. ltc/btc remain bullish until it broke below it....