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VBAmaster
Mar 11, 2018 3:43 PM

LTC QUICK ANALYSIS Long

Litecoin / DollarBitfinex

Description

Looking at 30-mins graph, we see beautiful inverse head and shoulders pattern, along with strong proof the ascending MACD and RSI trend. It is highly possible that LTC will break the neckline and go all the up the place around 208~ 210, (1.68 ratio).
In past 2 months, we are in a recovering channel from the epic low around late DEC 2017 until the hack news came out. The hacking news kicked us back, tried to pull us back down under 150, but it failed. The market is still believed in the crypto,
the good news is coming and smart regulation is on the way. More use cases are in developing. So my general idea and altitude for it is POSITIVE
Comments
esasikanth54
In a nutshell, you have put it very well though!
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