Wee93

LTCUSD - PRICE CORRECTION- BULLISH FORMATION

Long
BINANCE:LTCBUSD   Litecoin / Binance USD
LTCUSD

Price retrace back to USD 310 together with Bitcoin dump

Reasons to be bullish
1) MACD daily green
2) RSI above 50 daily
3) Above all MA on daily
4) Price finding support at previous resistance, resistance flipped to support
5) Trading in the bull cycle upward channel
6) Finding support at 0.5 fib area

Overall still bullish on LTC, price looking to break the upward channel and go to USD 485 1.618 fib area.

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