LITECOIN - INCOMING BULLRUN! 1-HOUR MACD TREND TURNING BULLISH!
See chart above.
For today, June 18th around 6pm PST, the 1-hour MACD line is BEARISH but seems to be headed towards BULLISH.
If this flips, and it appears it will, we should see another LITECOIN rally.
However with the rapid rise of LITECOIN / LTC this weekend make sure to expect a correction with any rally as this coin heads into uncharted waters of new highs!
Buy: $42-44
Sell: $49 (Right before the $50 resistance level -- or hold if you're bold! However you could buy back at a lower price later if I'm right.)
For today, June 18th around 6pm PST, the 1-hour MACD line is BEARISH but seems to be headed towards BULLISH.
If this flips, and it appears it will, we should see another LITECOIN rally.
However with the rapid rise of LITECOIN / LTC this weekend make sure to expect a correction with any rally as this coin heads into uncharted waters of new highs!
Buy: $42-44
Sell: $49 (Right before the $50 resistance level -- or hold if you're bold! However you could buy back at a lower price later if I'm right.)
Comment:
Keep watching the 1-hour MACD trend line. It seems to be widening (which means the chances of a break out are lower now than 2-hours ago) so I would look to possibly set an auto-buy price of $40 and wait for a break out then. You could end up getting LTC really cheap and watch it rise up after the correction is over.
Trade active:
1-hour MACD reached, spike hit!