Litecoin (LTC) technical analysis:
Trade setup: Price remains in an Uptrend and is up 70% since our trading video on LTC was published on Dec 18. We now wait for price to 1) break above $100 resistance, or 2) pull back near $85 support for a swing entry in Uptrend. Previously, price broke above $75 and $85 key levels, firmly reaffirming its uptrend. Reached our target of $100 resistance, where it encountered profit taking selling pressure.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance: Nearest Support Zone is $85 (previous resistance), then $75. The nearest Resistance Zone is $100.
Trade setup: Price remains in an Uptrend and is up 70% since our trading video on LTC was published on Dec 18. We now wait for price to 1) break above $100 resistance, or 2) pull back near $85 support for a swing entry in Uptrend. Previously, price broke above $75 and $85 key levels, firmly reaffirming its uptrend. Reached our target of $100 resistance, where it encountered profit taking selling pressure.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance: Nearest Support Zone is $85 (previous resistance), then $75. The nearest Resistance Zone is $100.