Galaxy volume can tell a story and indicate when the smart money is moving in and getting out IMO. Smart money does not move in when the price is soaring. It moves in and sucks up retail shares when the panic is on..
Smart way to play this IMO is to wait for weekly higher low as confirmation. Patience is key.
Dont want to see this current support level break...
Entry = 0.205
Stop = 0.170
In at 0.205 don't want to see 0.170 break or the move is over.
TBH the chart doesn't look that great. BIG Weekly H and S = Bearish, Weekly MAs have crossed bearish, Dalay MA,s Crossed Bearish.
61.8 fib zone is good reversal zone.
Volume in lately soaking up the supply.
Weekly 200ma at 0.190
Good support zones at...
NEG Daily RSI Divergence playing out strongly on LPD, Gap done on positive new. (perhaps too many announcements on same day).
Looking for a "possible" reversal in the green zone, backed up by the 75 day MA. (has acted as resistance in the past..may act as support) Coming in line with the 61.8% fib level which is a probable spot for reversals.
Watching LIT ETF...
Neblio chart looking bullish, Watching for potential breakout. really needs to get above 3900 sats then there is little resistance until 4500 sats range. All hinged on BTC inverse H and S. If BTC breakout we may see a few alts run.
Its BTC decision time. Which will dictate the sentiment for the entire crypto space going into the new year IMO. ETH is on fire and LTC has just broke out. This makes me lean a bit more towards the bullish case.
Broke Weekly Higher Low pattern, Has solid resistance at 0.040 which rejected 3 time over the last year and a half. Watch for lower channel acting as resistance and a Lower High forming. Needs to get back into channel
Weekly MA's have crossed but needs to break that .250 level IMO.