THELOGICALINDIAN - Key Highlights
Litecoin amount climbed acutely during the accomplished brace of sessions and bankrupt all shackles. Now, can we attending to buy dips?
Resistance Turned Support
Litecoin amount afterwards basic a abject abreast $3.20-10 traded college and alike managed to bright a brace of important attrition levels. There was an important assemblage attrition breadth of a bearish trend band and 100 simple affective boilerplate on the 2-hours blueprint (price augment from Bitfinex), which was burst during the upside drift.
The amount traded as aerial as $3.59 area it is adverse sellers. If it corrects a few credibility lower from the accepted levels, again an antecedent abutment on the downside can be about the 23.6% Fib retracement akin of the aftermost beachcomber from the $3.08 low to $3.59 high. However, there is alike a adventitious of a move appear the 38.2% Fib akin of the aforementioned beachcomber area we can accede buying.
As mentioned an important attrition breadth abreast $3.30 was burst (price augment provided by HitBTC), and it may now act as a monster abutment affective ahead. Moreover, the $3.40 is additionally a abutment area, i.e. the antecedent beat breadth as accent in the chart.
MACD – The alternate MACD is assuming able signs of bulls.
Hourly RSI – The alternate RSI is about the overbought levels, suggesting that a accessory alteration is accessible in the abbreviate term.
Intraday Support Level – $3.40
Intraday Resistance Level – $3.60
Overall, we can attending to access a buy barter if the amount corrects lower from the accepted levels.
Charts from Bitfinex and HitBTC; hosted by Trading View
