I see two possible scenarios. Now we are trying to deploy from a dynamic support line. And breakthrough resistance. If this attempt doesn't be successful, we will see the price around 60 - 58 EUR, there is a lot of liquidity for successful movement to the upper targets.
LTC has shown great strenghts in the last months, but we can't say the same for the very last weeks!
However, even if for this time LTC didn't manage to follow the incredible run of BTC in price, we still have hit some of our targets. Remenber: we told you to buy around 90e / 100e and we are back in this arena. So, if you don't have some LTC yet you can buy now...
On a daily timetable, the MACD has a triple divergence, but we still have to remember that the indicators are late for the market price.
At the beginning of consolidation, consideration should be given to adding to current positions.
If we look at the latest price movement from 58.0E to 128.0E, the good entry level is 50% FIBO - 94E. This entry point level is...
I see Litecoin losing some power on 4h charts. Price hit a higher high with RSI and volume decreasing. Possible correction coming up. Buying opportunity @ around 110€. Next possible stop @ around 90€. Any comments appriciated!
Remember the ascending triangle I mentioned in previous posts? Look how confirmed and clear it is. We are reaching to the breakout point. Usually, the breakout is bullish. I expect it will target 136 euros which is at the resistance of the longer term ascending channel.