Welp after this dump it's nice to see us pushing 100 again. Could this rally push us back up to recent highs of 146? Do we blow past and go to 180/200 resistance? Obviously time will tell. Here's added thoughts to why that's a possibility:
-MACD and RSI have formed a pretty solid base over the last few days. EMAs have held as support, we are being compressed between EMAs, which could produce a strong move up if supports continue to hold.
-We could see another gold cross on the daily, after the recent death cross. Eyes open on that one. That's probably the most significant thing on this list.
-Halving is in a few days. Over time, the supply shock will affect price positively. But speculation could still be driving this upward. The previous halving in 2015 had a complete dump leading up to the very day and couldn't recover price for about 2 years. This time feels different. We know what happened last time and people are still accumulating, and the price is showing it.
-Litecoin is going up. Bitcoin has followed. That means LTC will definitely follow through even more.
-MACD and RSI have formed a pretty solid base over the last few days. EMAs have held as support, we are being compressed between EMAs, which could produce a strong move up if supports continue to hold.
-We could see another gold cross on the daily, after the recent death cross. Eyes open on that one. That's probably the most significant thing on this list.
-Halving is in a few days. Over time, the supply shock will affect price positively. But speculation could still be driving this upward. The previous halving in 2015 had a complete dump leading up to the very day and couldn't recover price for about 2 years. This time feels different. We know what happened last time and people are still accumulating, and the price is showing it.
-Litecoin is going up. Bitcoin has followed. That means LTC will definitely follow through even more.