Greetings! Litecoin is moving clearly according to plan. Now we will see how the support level will cope with the price. If you are already in the position, it is better to gradually fixate. If not, try looking for an entry point closer to $46. You should not enter in the middle of the triangle.
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Additional example of the utility of RSI in supply/demand analysis.
On the 4 hour price eventually returned to a key support. Just to repeat from other examples:
What is the volume reaction? Enough to stop any further down move?
RSI triggered at or below demand line (aka "oversold")
Shift focus to the 15 minute
Too much to get into but all you have to do is...
Greetings! Litecoin continues to move along the specified route. The support line does its job well. Now the correction may be larger than usual. Be careful!
I assume again movement in the area of $47 and a jerk in the range of $48-49. But perhaps not immediately.
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Hi! The price reached the resistance level of $48 and sharply rolled back to the support line. The line held the price, which means that the local uptrend remains. I allow the price to slip to the area of $45 with an increase to $47.
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Have a nice day and let the profit be with you!
Hi. I expect a small correction to the support line, followed by a test of the resistance level around $48.
If you like my ideas, please click the "Like" button. I'll be glad.
Have a nice day and let the profit be with you!
One of the few older generation altcoins, which hasn't given decent growth in recent months.
But who traded LTC in 2015 or 2017, knows that the coin that had the status of "silver" in the crypt has a specific and wayward attitude of price movement)
Now we don't dare to short LTC , too small a downward move reserve + the coin is bought back and accumulated,...
