Firstly, comment if Im wrong or something is wrong!
1. Tried to break resistance, not enough momentum.
RSI was high (overbought) and momentum wasnt enough.
Dropped again to support. It helds easily and started 2
2. Strong bullish move. Broke resistance but didnt hold this time. But still lots momentum and price didnt drop much.
Second peak(continue still) tests resistance again. RSI didnt drop after peak like happened in 1,so. Much momentum.
I think there is change next bull movement starts (about 60%), and if it dont and comes to support again next time litecoin has even more potential to break resistances.
Im not professional so comment your thoughts about this. It also helps me if you say that my idea sucks so tell me in the commentsection. BTW im 16years, Thanks.
1. Tried to break resistance, not enough momentum.
RSI was high (overbought) and momentum wasnt enough.
Dropped again to support. It helds easily and started 2
2. Strong bullish move. Broke resistance but didnt hold this time. But still lots momentum and price didnt drop much.
Second peak(continue still) tests resistance again. RSI didnt drop after peak like happened in 1,so. Much momentum.
I think there is change next bull movement starts (about 60%), and if it dont and comes to support again next time litecoin has even more potential to break resistances.
Im not professional so comment your thoughts about this. It also helps me if you say that my idea sucks so tell me in the commentsection. BTW im 16years, Thanks.