Gl4diator

#litecoin - $100 to break for bullish turn

BITSTAMP:LTCUSD   Litecoin
Litecoin seems to have accepted these two supports, breakdown-level and diagonal Trendline 1 coming . Even if we are overcoming this 3D-Trendline 2, the big hurdle to take for a bullish turn remains the magic mark of $100. I personally would not play games here with Bitcoin´s rising dominance. Even if there are bullish signs here, the volume remains decreasing, which is a sign that a bigger move is likely close, but which direction is unclear. 60-40 for bullish breakout would be my current guess.

Medium Targets would be Quarterly and Yearly Pivots.

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Warm regards,

Neru

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