What is up again my fellow crypto community!?!?! And welcome to this update on LiteCoin!!! This post will not nearly be as long as the previous post I assure you LOL. The last post was to have a touch and feel for this whole "publishing idea" process. Now that the training wheels have been thrown in the garbage lets get to business! So without further ado (Drums Rollingggggg) Bum bum bum!!!
Anddddd we're underway! With the continuation from yesterday's chart, as you can see the trendiness are in the same place, with the very bullish (yellow trend line) and the not as bullish, but still very positive (pink) trend line. As for the (black) support levels there has been one addition at the 210 levels. As you can see in the past 210 has been a very resistant heavy zone. Now with the candles leading up to today, it looks like the potential for 210 could become a new support level. And the next resistance level being at 230 with the addition of the new (light blue) line. Now yesterdays candle ended in a Gravestone doji, which shows that the majority of pressure is buying pressure. Which is a good sign and shows that the bulls are starting to over take the bears out of the dip in LTC. Now currently as I am typing this there is another doji in the works right now, this being a dragonfly doji, which shows that there is an all out WAR right now between the bulls and bears. As for now with the short-term trend in the favor of the bulls, this is a very good sign for things to come. You can see that the candlestick for now, pierced the 210 (black line) NEW support level and bounced right off. I know it is very early into the trading session so disregard that comment if it makes you feel better. Although with LTC news coming out about LItepay, I still don't think we have seen a reaction yet. I very well could be wrong, but I feel traders/investors are still trying to wrap their heads around all of this news including Charlie Lee saying that LTC will overtake BCH at some point this year. Will it happen? I think it is very possible actually, whether that means LTC will be at 1200 levels or BCH will come closer to LTC levels as of right now, or Somewhere in between. Only the charts and time will tell!
Well thats all for now folks, if you were wondering... Unfortunately I didn't have my dosage of adderal, which is probably why this post isn't all over the place like the last one lol. Anyway, if you have any comments or ideas of your own I would enjoy spitballing and throwing thoughts around so notify me whenever! As for now Cbreezyy is out!
Anddddd we're underway! With the continuation from yesterday's chart, as you can see the trendiness are in the same place, with the very bullish (yellow trend line) and the not as bullish, but still very positive (pink) trend line. As for the (black) support levels there has been one addition at the 210 levels. As you can see in the past 210 has been a very resistant heavy zone. Now with the candles leading up to today, it looks like the potential for 210 could become a new support level. And the next resistance level being at 230 with the addition of the new (light blue) line. Now yesterdays candle ended in a Gravestone doji, which shows that the majority of pressure is buying pressure. Which is a good sign and shows that the bulls are starting to over take the bears out of the dip in LTC. Now currently as I am typing this there is another doji in the works right now, this being a dragonfly doji, which shows that there is an all out WAR right now between the bulls and bears. As for now with the short-term trend in the favor of the bulls, this is a very good sign for things to come. You can see that the candlestick for now, pierced the 210 (black line) NEW support level and bounced right off. I know it is very early into the trading session so disregard that comment if it makes you feel better. Although with LTC news coming out about LItepay, I still don't think we have seen a reaction yet. I very well could be wrong, but I feel traders/investors are still trying to wrap their heads around all of this news including Charlie Lee saying that LTC will overtake BCH at some point this year. Will it happen? I think it is very possible actually, whether that means LTC will be at 1200 levels or BCH will come closer to LTC levels as of right now, or Somewhere in between. Only the charts and time will tell!
Well thats all for now folks, if you were wondering... Unfortunately I didn't have my dosage of adderal, which is probably why this post isn't all over the place like the last one lol. Anyway, if you have any comments or ideas of your own I would enjoy spitballing and throwing thoughts around so notify me whenever! As for now Cbreezyy is out!