Chart speaks for itself.
LTC is making a very large penant on the resistance of previous bubble pop.
BTC (temporary) rejected the last line of defense (12.5k) before the inevitable ATH.
What is happening? Bitcoin is 'dumping' and LTC is finding support in the wedge.
In a couple of weeks LTC will break out of the wedge and BTC will make a new ATH.
Looking at important levels for Litecoin & where I can stack up the most.
I have bought 4 Litecoins @50.50$ average price.
My goal is to have 10 litecoins in my crypto portfolio.
So still 6 to go :) I will surely buy them under 45$
The price of LTCEUR has been fluctuating since 25 April between the 50 and 100 EMA on 1 day chart as support and resistance levels, with few false breakouts. These are strong levels on high durations like 1 day. Let’s keep watching any possible confirmed breakout downtrend or uptrend. I’m not giving any bullish or bearish analysis here, just stating my personal...
After good Green Day, at the time writing this post, we are at a strong resistance level. Currently, we are at the 100 EMA on 1 day chart, at the 38.2 FIB level of latest downtrend, at the level of previous support and resistance levels in previous times.
Let’s monitor if we cross towards the upper band on 1 day chart at 46 euro, then we might reach to 50 FIB at...
Just sharing with you this triangle in the 1hr chart. The tip of triangle is on Friday 8th of May as shown on the chart. Let’s watch whether it is going to be bullish or bearish breakout. I won’t give price analysis for now, just sharing this triangle if you haven’t seen it.
In previous post, I share the MACD crossover the signal on 1W chart. This is usually...
The MACD line has just crossed over the signal line, and histogram went positive above zero level. That’s a bullish sign, let’s further confirm it on lower duration charts. Just wanted to share this sign with you readers.