Ltc healthy promising correction

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
279 0

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!

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out