MACD has crossed upwards, approaching a triangle and is currently testing resistance at $153.
The 13 ema is looking to cross the 21 ema.
Currently above a resistance making it a support and it should consolidate here until it breaks out of the triangle.
After doing so it should test the sma 300 line. If it breaks this we should expect it to go to at least $166.
ETH is already pumping and reaching these resistances and we should expect LTC to follow suite.
If it fails to do so and crashes it should find support at ema 55/89. From there it can bounce and consolidate and retest these resistances.
If it doesn't find support at ema 55/89 it can be expected for it to go lower.
IMO I think it will keep growing but this all depends on how the market as a whole reacts.
The 13 ema is looking to cross the 21 ema.
Currently above a resistance making it a support and it should consolidate here until it breaks out of the triangle.
After doing so it should test the sma 300 line. If it breaks this we should expect it to go to at least $166.
ETH is already pumping and reaching these resistances and we should expect LTC to follow suite.
If it fails to do so and crashes it should find support at ema 55/89. From there it can bounce and consolidate and retest these resistances.
If it doesn't find support at ema 55/89 it can be expected for it to go lower.
IMO I think it will keep growing but this all depends on how the market as a whole reacts.
Order cancelled:
Market as a whole might be going through a recession.
Comment:
I was probably wrong. D sada
