InvestingScope
Long

Rebounding off the support

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
As explained on the previous analysis, the price found an excellent cushion level just above the 106.323 1W support and according to the Fibonacci levels of the previous 1D candles, the price should now rise to a Lower High just above the 0.5000 extension (yellow ray at 148.427. It has already started to do so but remains more neutral than expected on 4H ( RSI , STOCH , ADX , Williams%R, Highs/Lows, Ultimate Oscillator all neutral) and shoulde consolidate for another 2 sessions before it takes off. TP steady = 148.427.
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