Litecoin is currently consolidating at its current levels be prepared for a bullish move upwards to 400-420.
Also, signs of a penant flag which indicates another wave will be coming.
Current support is also strong and holding up very well.
Get in now before it goes for another run.
Analysis: LTC Bullish, aim for 400-420
Also, signs of a penant flag which indicates another wave will be coming.
Current support is also strong and holding up very well.
Get in now before it goes for another run.
Analysis: LTC Bullish, aim for 400-420
Comment:
More in-depth explanation: So currently the blue support line is holding up fairly well considering it is a few days old. The Fibonacci retracement diagram (the colourful sketch) is also showing support at that 305 Mark aswell. Making it a double support even stronger. And now the MACD is crossing over to bullish which will see another wave of buying which will hopefully be enough to break the current resistance levels (the top blue line) and see it go for another run.
Comment:
MACD on 15 minute chart starting to crossover to bullish