LTCUSD: 1W $46-47 major hurdle for bullish case & great profits
LTCUSD stymied just below $47.
RSI on 1W has room to go up and not in the oversold area yet.
1W MACD looking close to cross over but I don't put too much faith into that as this has fooled us before with a touch and cross over only to go down again. Best scenario is MACD signal line continues to head up from below and crosses the base line and this will support a bullish case.
Bigger bull push over this major $46-47 resistance level needed for greater profit taking chances- possibly up to the major top trend-line resistance level into the mid to lower $60 on the 1W chart. Anything higher than that is a gift from the gods.
Good luck traders.
RSI on 1W has room to go up and not in the oversold area yet.
1W MACD looking close to cross over but I don't put too much faith into that as this has fooled us before with a touch and cross over only to go down again. Best scenario is MACD signal line continues to head up from below and crosses the base line and this will support a bullish case.
Bigger bull push over this major $46-47 resistance level needed for greater profit taking chances- possibly up to the major top trend-line resistance level into the mid to lower $60 on the 1W chart. Anything higher than that is a gift from the gods.
Good luck traders.