THELOGICALINDIAN - Litecoin amount shows a lot of bullish signs which agency there is a adventitious of a move college and affairs dips may be a acceptable advantage
The Litecoin amount assuredly managed to accretion clip and traded higher. It bankrupt a above bearish trend band on the alternate blueprint (data augment from Bitfinex) – which was acting as a attrition for the amount – and now it is preventing the downside move. The 100-hour simple affective boilerplate played well, and helped the buyers to booty the amount higher.
The amount is trading abreast the burst attrition area, which is acting as a support, now. It is additionally ancillary with the 50% Fibonacci retracement akin of the aftermost beachcomber from the $3.26 low to the $3.84 high. In short, the accepted abutment breadth of $3.50-60 holds the key for an upside move. As continued as the amount is aloft it, there are affairs of it trading higher.
Yesterday, we accent an ascending channel on the alternate blueprint (data augment from HitBTC), which was additionally austere during the upside move. Almost all indicators are positive, and suggesting added assets in the abreast term.
MACD – The alternate MACD may change the abruptness to bullish soon, which may burn an upside move.
Hourly RSI – The alternate RSI is beneath the 50 level, which is a assurance that buyers are disturbing to authority the ground.
Intraday Support Level – $3.50
Intraday Resistance Level – $3.80
Charts from Bitfinex and HitBTC; hosted by Trading View
