THELOGICALINDIAN - After hitting a aerial of 485 Litecoin amount alone beforehand today to book a low of 420 on Bitfinex As we predicted during yesterdays assay amount alteration is attempting to cull bottomward the amount yet it is able-bodied accurate aloft the 362 akin which corresponds to the 0618 retracement akin according to the Fibonacci retracement we advised Read yesterdays Litecoin assay here
By belief the 1 hour (LTC/USD) archive from Bitfinex (look at the beneath chart) and acute the 20, 50 and 100 EMAs, we can beam the following:
By analytical the 1 day (LTC/USD) archive from Bitfinex (look at the beneath chart); acute the 20, 50 and EMAs; and active the Relative Strength Index (RSI), we can achieve the following.
Litecoin amount is now bottomward as the amount alteration beachcomber is attempting to accompany antithesis to the accepted overbought market; however, we are still assured addition bullish beachcomber that will be notable afterwards the amount alteration attack is over.
Charts from Bitfinex; hosted by Tradingview.com
