Let me make this clear. There are no bulls in the Litecoin market because they are not stupid. On the 4th June, we had the test of the 30-day VWMA ($102), which was at the same level as the previous VWAP monthly price. Buyers took this opportunity to load back up on Litecoin, and the rally was strong. While some may say we are in overbought territory, I say good. The reason is that Litecoins halving is only a few months away.
No one should be trying to place shorts against this cryptocurrency and with the price above the Bi-Weekly and Monthly VWAP (Blue and Yellow lines) we should all be looking for small pullbacks to buy again.
Conclusion: either buy at the time of writing or wait for the price to drop to $112 potentially. Either way, you can't go wrong with being bullish with Litecoin with these strong technicals. Stop loss should be positioned below $100.
You can now join the private IONIC Capital telegram group (check the blog for the link below), where I am building an open community to talk about investing and capital preservation.
Check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG POST
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
No one should be trying to place shorts against this cryptocurrency and with the price above the Bi-Weekly and Monthly VWAP (Blue and Yellow lines) we should all be looking for small pullbacks to buy again.
Conclusion: either buy at the time of writing or wait for the price to drop to $112 potentially. Either way, you can't go wrong with being bullish with Litecoin with these strong technicals. Stop loss should be positioned below $100.
You can now join the private IONIC Capital telegram group (check the blog for the link below), where I am building an open community to talk about investing and capital preservation.
Check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG POST
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
