The fifth largest cryptocurrency by market capitalization jumped to $107.71, the highest level since June 12, 2018, according to CoinDesk’s Litecoin Price Index.
The bullish move has stalled in the last few hours, though, with the price currently trading around $87.
Before we get started, lets smash this "thumbs-up" button ladies and gentlemen!
Litecoin ( LTC ) Chart Analysis
MatrixTarget: 59$ area
Litecoin did follow Bitcoin on this unacceptable fake break-out. (It bothers me, that we have people out there manipulating the market).
Every cryptocurrency asset at this moment, is consolidation its value back to normal statement. Ladies and gentlemen, we are too early in the game to skyrocket.
The correction is not complete, word of caution, there can still be another huge drop incoming.
The MA-Ribbon, retouched 13-MA(Redline), wait for next candle to close in approx 18 hours, if that next candle breaking the 13-MA(Redline), we will see a downfall or sideways consolidation.
The MaCD and histogram are both showing bearish divergence .
Volume is still very low on the drop , can jump anytime now to the downside.
We wait patiently 4-6 days.
The longly awaited consolidation can happen in just a few days as it can take weeks, but it is likely to happen sooner rather than later.
Make sure to use the comments section below if you want to share anything or have any questions, it is my pleasure to help and reply.
The bullish move has stalled in the last few hours, though, with the price currently trading around $87.
Before we get started, lets smash this "thumbs-up" button ladies and gentlemen!
Litecoin ( LTC ) Chart Analysis
MatrixTarget: 59$ area
Litecoin did follow Bitcoin on this unacceptable fake break-out. (It bothers me, that we have people out there manipulating the market).
Every cryptocurrency asset at this moment, is consolidation its value back to normal statement. Ladies and gentlemen, we are too early in the game to skyrocket.
The correction is not complete, word of caution, there can still be another huge drop incoming.
The MA-Ribbon, retouched 13-MA(Redline), wait for next candle to close in approx 18 hours, if that next candle breaking the 13-MA(Redline), we will see a downfall or sideways consolidation.
The MaCD and histogram are both showing bearish divergence .
Volume is still very low on the drop , can jump anytime now to the downside.
We wait patiently 4-6 days.
The longly awaited consolidation can happen in just a few days as it can take weeks, but it is likely to happen sooner rather than later.
Make sure to use the comments section below if you want to share anything or have any questions, it is my pleasure to help and reply.