ItisCalvin
Short

Taking the Fight to No Man's Land

BTCE:LTCUSD   Litecoin / Dollar
247 2 2
There are a lots of lines which may be confusing so I will try to explain them. One is a Fib Retracement and the other is a trend based one. I have highlighted the areas where the supports were tested. The more the price hits the same line the stronger the support is there. Older tests of support aren't weighted as heavily, but are important to take into account.

Again seeing MACD confirming ahead of PSAR which tells me there really isn't any strong bear movement.

Once again we will test support and either confirm or break the upward trend.
What you think is going to happen now, hit $7?
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ItisCalvin chenriquev
I think $7 is unlikely for now unless there is some serious bad news or China decides to dump all the Litecoin. For now $12 may be tested again, but this isn't really a TA so that is more of a guess.
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