With a fast-closing wedge from within #LITECOIN against #ETHEREUM we can see a breakout coming within the next couple of weeks - which way is the big question!
With a strong Sell signal coming from Crypto Tipster v2 we're inclined to suggest a downward trend, but we wouldn't be pulling the trigger on this one until that wedge is broken one way or the other!
If...
LTCETH Expected to Reverse and Outperform Ethereum
Price has been trading in a downward channel for the past months and is approaching the long term support where price has rebounded before multiple times
Technicals:
MACD on the daily is bearish, so may need a few days to reverse but weekly and monthly histograms are about to turn green (weekly) or reverse...
Technical analysis:
. LITECOIN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. We opened 10 BUY trade(s) @ 0.18172 (day close price) based on a reversal candle ( Valley ) at 08.11.2018
. There is a possibility of temporary...
Technical analysis:
. LITECOIN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. We opened 10 BUY trade(s) @ 0.18172 (day close price) based on a reversal candle ( Valley ) at 08.11.2018
. There is a possibility of temporary...
