Litecoin - near buy area and support - long at 82-83 $
-Litecoin price retraced from strong resistance at 107 $ and is searching since then for a bottom.
-I expect bottom building at up trend support trend line in drawn buy area 1.
-Price holds currently above middle bollinger bands which is bullish indicator if the next 4 hour candle
holds above as well.
-RSI is near up trend support line. Expect fast down movement if this line breaks down, expect another up movement if this trend support
doesn´t break down.
-MACD is near bullish crossing of baselines which is bullish indicator, expect at least smaller up movement.
-Open long if several 4 hour candles close within drawn buy area.
-I expect bottom building at up trend support trend line in drawn buy area 1.
-Price holds currently above middle bollinger bands which is bullish indicator if the next 4 hour candle
holds above as well.
-RSI is near up trend support line. Expect fast down movement if this line breaks down, expect another up movement if this trend support
doesn´t break down.
-MACD is near bullish crossing of baselines which is bullish indicator, expect at least smaller up movement.
-Open long if several 4 hour candles close within drawn buy area.
Trade active:
market looks like it will break down today
Comment:
market is now near buy area - wait for a last drop to 82 $
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.