-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.
Trade active
⋅
market looks like it will break down today
Comment
⋅
market is now near buy area - wait for a last drop to 82 $