Resistance at 8700 had been tested a few times and showing signs of the market attempting another go to break it.
We could see a breakout to 9500 (or even 9900) if the momentum continues to next week (incl fomo).
If it doesn't, price will range between 8700 to 8500 and wicks as low as 7900-ish
We have seen the price at $0.47 has been tested twice and has been in a range for a few days.
The recent 4H candles showing higher lows and a possible breakout to the upside again.
If this breaks 0.47, we will expect it will go up to the next liquidity zone at 0.50c.
After taking some of my position off the table, price is holding up nice at previous accumulation zone at $7960.
The previous 4H candle wick shows there's demand for the prices to go higher to actually retest the $8400. Target 8500 if that resistance breaks.
Despite the recent performance of XRP in the last couple of days, it is still too early to say that XRP is out of the woods yet.
Base on the volume profile nodes, it's safe to say that the resistance is at 0.45 - 0.50 region.
On the daily, it looks like we had tested support at 1951 sats. Interestingly enough it is nearly close to the 200 EMA.
Really nice buy area around 2000 - 2100 sats.
Depending on the btc run, it may take awhile to bounce up to 2400 - 2700 take profit level.
On a daily chart, the faster EMA and slower MA is about to crossover if this bullish momentum continues. Volume profile is showing us key support levels here.
Same goes for the ADX and +DI, -DI indicator. What I like about this chart is the price movements are respecting each level of fib retracements.
If the price break and sustain at $1.20, this is going to be...
Volume Profile shows a few LVN and total lack of volume that can support the price. Heavy top might just put more pressure on the price to go lower.
Expect to re-test previous low at 0.63 and a retrace to 0.73.
After the accelerated momentum seen yesterday due to bitflyer listing news, LSK has been on a retracement.
Base on the fib retracement analysis, we can see that it has retrace to the support level that has been tested multiple times at $21 dollars.
The trendline and counter-trendline indicates that the price will consolidate in a few days.
However, 4 hour chart...
From the 4H chart, LTC price action seems to break the counter-trend line and heading north towards $200.
Base on the fib levels, if it breaks beyond $200, there's a good chance it can break the 200 EMA and hit $215 target.
BTC, ETH is rallying, time for LTC now.
Unless Charlie Lee open his mouth and says something stupid.