The fifth largest cryptocurrency by market capitalization jumped to $107.71, the highest level since June 12, 2018, according to CoinDesk’s Litecoin Price Index.
The bullish move has stalled in the last few hours, though, with the price currently trading around $88.
Before we get started, lets smash this "thumbs-up" button, i would really appreciate it!
Litecoin ( LTC ) Chart Analysis
Keep in mind, Litecoin does always follow Bitcoin.
After the fake break-out we had earlier, we need to get our assets back to the true prices.
We are too early to see crypto assets skyrocket, it could happen, but i dont think this is the hour.
The most important thing is that we should not be stressed about the prices, we should be stressed about getting more bitcoin in our wallets.
The correction is not complete, word of caution, there can still be another huge drop incoming.
The MA-Ribbon, retouched 13-MA(Red line), wait for next candle to close in approx 18 hours, if next candle is breaking 13-MA(Red line), we will see a downfall or sideways consolidation.
The MacD are showing start of a downtrend, and histogram looks like it will start a "Red Zone"
Volume is still very low on the drop , can jump anytime now to the downside.
We wait patiently 3-6 days.
The longly awaited consolidation can happen in just a few days as it can take weeks, but it is likely to happen sooner rather than later.
Make sure to use the comments section below if you want to share anything or have any questions, it is my pleasure to help and reply.
The bullish move has stalled in the last few hours, though, with the price currently trading around $88.
Before we get started, lets smash this "thumbs-up" button, i would really appreciate it!
Litecoin ( LTC ) Chart Analysis
Keep in mind, Litecoin does always follow Bitcoin.
After the fake break-out we had earlier, we need to get our assets back to the true prices.
We are too early to see crypto assets skyrocket, it could happen, but i dont think this is the hour.
The most important thing is that we should not be stressed about the prices, we should be stressed about getting more bitcoin in our wallets.
The correction is not complete, word of caution, there can still be another huge drop incoming.
The MA-Ribbon, retouched 13-MA(Red line), wait for next candle to close in approx 18 hours, if next candle is breaking 13-MA(Red line), we will see a downfall or sideways consolidation.
The MacD are showing start of a downtrend, and histogram looks like it will start a "Red Zone"
Volume is still very low on the drop , can jump anytime now to the downside.
We wait patiently 3-6 days.
The longly awaited consolidation can happen in just a few days as it can take weeks, but it is likely to happen sooner rather than later.
Make sure to use the comments section below if you want to share anything or have any questions, it is my pleasure to help and reply.