NerubicaCrypto

#litecoin - Attacking $100 again and printing the Golden-Cross?

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
For now, the formerly mentioned support is holding, are we going to attack the $100 again? Litecoin will need to hop over this former breakdown-level. We are talking about quite a range here going into the 10-20% which is for some people just too much risk to take for any sort of decision right now, which generally can lead to some sideways / ascending triangle structure. BTC will definitely play a role here, dominance is calming down a little bit, let´s see if this gives Altcoins time to breathe and form something bullish , most of them are still bleeding like hell and sitting on much more bearish patterns as Litecoin does and don´t have any support left ... Litecoin does, as most of the majors.

This could also be simply a retest before final breakdown. Be prepared, we are straight in the center of decisions. Remember to watch out for the Ichimoku-Cloud-Support here.
There is NO way to see if it´s the right time to buy now, whilst maintaining little to no risk. The trend is still bullish though, to mention the golden-cross is VERY close.
Don´t forget: It is very common that prices keep going in the wrong direction before picking up the original trend after a sma-cross.


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Warm regards,

Neru
Hi NerubicaCrypto,
I would like to hear your expert opinion.
Is this a Hidden Divergence for you? ( Trend Continuation Signal)
Thank you .
Reply
I like your powerful supp and res level. Keep it up with the good work.
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NerubicaCrypto Bullandbeartrading
@Bullandbeartrading, thank you my dear!!! You as well!!
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