THELOGICALINDIAN - The continued alarm accustomed in antecedent Litecoin amount abstruse assay Breakout has absolutely paid off big Litecoin amount has jumped from 2887 to hit an intraday aerial of 3137 a huge accession of 866 percent Even now the drive is attractive actual able as Litecoin threatens to booty out addition key attrition level
Litecoin is currently trading at $3.110.
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Technically, Litecoin charcoal on a actual able basement but it runs a above accident as able-bodied – the accident of actuality bound overbought. Read the latest ethics of the abstruse indicators beneath for added clarity.
Litecoin Blueprint Structure – After a able blemish from the trendline abutting the antecedent two peaks, Litecoin is aiming for huge gains. As can be apparent from the circadian LTC-USD amount blueprint above, it has already broken the 150-day simple affective boilerplate of $3.0194 and is arduous the 50-day SMA of $3.0809 at present.
Moving Average Convergence Divergence – MACD is disconnecting apace from Signal Line to advance Histogram higher. The latest ethics of MACD, Signal Line and Histogram are -0.0230, -0.0734 and 0.0503 respectively.
Momentum – The Momentum amount has attempt to the accomplished amount of the ages i.e. 0.2621.
Money Flow Index – The MFI has soared to a yet addition aerial of 69.8269. Above 75, overbought sentiments will booty over Litecoin.
Relative Strength Index – The RSI amount has adapted according to the bullish drive and is now at 60.0800. Expect a alert access if this amount goes accomplished 70.
Conclusion
The basal drive or the backbone is actual absolute at the moment. Litecoin can calibration greater highs if the bullish ride extends. Long traders should accede booking profits as valuations get heated.
Word of caution: Do not get tempted by ascent prices to access at high-risk levels. Wait for a dip now or accident accident money.
