Welcome, this is my view on Litecoin at its current market state.
This is based on price action and the breakouts. On the bullish side, I would like to see a hold of the .382 fib retracement. Yet, there is a lot of confluence to come if we break above this level.
On the bearish side, at the moment, the body of the 1 day candle is below the .382 holding its resistance level. Also the halving often leads to psychological bull market sentiment. Stay cautious because many people are buying in, but market makers (whales/smart money, ect) might say otherwise.
I would like to see a consolidation of the golden .618 fib level act as huge support for further movement upwards. Just my two satoshis ! :)
This is based on price action and the breakouts. On the bullish side, I would like to see a hold of the .382 fib retracement. Yet, there is a lot of confluence to come if we break above this level.
On the bearish side, at the moment, the body of the 1 day candle is below the .382 holding its resistance level. Also the halving often leads to psychological bull market sentiment. Stay cautious because many people are buying in, but market makers (whales/smart money, ect) might say otherwise.
I would like to see a consolidation of the golden .618 fib level act as huge support for further movement upwards. Just my two satoshis ! :)