THELOGICALINDIAN - Litecoin Amount has been alignment amid 320 and 370 back aftermost Thursday which reflects the low animation of the bazaar currently as against to the aerial animation we witnessed during the aftermost anniversary of October Litecoin amount printed 34 at the time of autograph of this assay and signs of an accessible uptrend started to emerge
By allegory the (LTC/USD) 1 hour archive from Bitfinex (look at the beneath chart), befitting the Fibonacci attrition fan we advised on last Thursday’s analysis and acute the 20, 50 and 100 EMAs; we can achieve the following:
1 Day Charts Show No Signal of Downtrend Reversal:
The 1 day (LTC/USD) archive from Bitfinex, appearance the afterward (look at the beneath chart):
Although the one hour archive accept started to display signs of changeabout of the abbreviate termed bottomward trend, the MACD indicator on the 1 day archive is still abortive of an accessible uptrend. It is brash to authority aback on advance in continued positions until changeabout of the declivity is confirmed.
Charts from Bitfinex; hosted by Tradingview.com
