gianpinco

Ltc healthy promising correction

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
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https://www.tradingview.com/chart/kAuX8O...

On the daily Ltc shows some increment in volume probably correlated to Btc little jump up.The .786 has offered a strong support and I do not personally think will be revisited again due the ABRA news during the weekend, which is as a very good news for Ltc. As I am writing the RSI is at 38 and approaching 40 definitely a good sign. The next level of resistance is the .618, to my opinion an easy one to break with a consequent move up to the 0.5. This will be a critical resistance with price range of $177 - $187 good for small profits but has to be maintained on the daily chart . In my opinion Ltc looks very promising and in a very healthy correction that will spike to $240-$248 by the end of March.
This is only my personal opinion not to be taken as financial or trading advice. Be wise!

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