THELOGICALINDIAN - Litecoins amount is acceptable abutting a shortterm breach As continued as the amount is aloft the 100hour affective boilerplate buyers abide in ascendancy
Litecoin prices acicular intraday, as there was a aciculate acknowledgment about yesterday’s accent bullish trend band on the alternate blueprint (data augment from Bitfinex). The best analytical aspect is the actuality that the 100-hour simple affective boilerplate is positioned with the accent trend line. The amount is currently abreast the aftermost aerial of $3.80-$3.85, which is acting as a resistance. A breach aloft the aforementioned is bare for added gains, possibly appear $4.
There is a adventitious that the amount will dive one added time to retest the trend band and abutment breadth afore it climbs aback higher. If we attending at the 30-minute blueprint with the abstracts augment from HitBTC, there is an ascendance approach arrangement forming.
The approach attrition breadth is additionally about the $3.80-$3.85 attrition area. It looks like the 76.4% Fibonacci akin of the aftermost bead from the $3.92 aerial to the $3.65 low may act as a axis area. Overall, we can delay for a breach in the abbreviate appellation for the abutting leg.
30-minute MACD – The MACD is in the bullish zone, suggesting added assets affective ahead.
30-minute RSI – The RSI is affective abroad from the overbought levels, which is a assurance of a accessory correction.
Intraday Support Level – $3.65
Intraday Resistance Level – $3.80
Charts from Bitfinex and HitBTC; hosted by Trading View
