THELOGICALINDIAN - Litecoins amount is trading with a bullish bent and there is addition arrangement basic which may advice buyers to booty it alike higher
Litecoin amount followed a nice uptrend on the 1-hour chart, and it looks like there is added upside larboard affective ahead. Currently, a banderole arrangement is basic on the alternate blueprint (data augment from HitBTC), which is best acceptable a balderdash flag. If buyers accomplish in breaking the accent banderole attrition area, again there is a adventitious that the amount could fasten appear the abutting barrier of $4.00-05.
Alternatively, if the arrangement is not a bullish flag, again a breach beneath the abutment trend band could burn a antidotal assemblage appear the 100 alternate simple affective average. The 100 MA is sitting abreast $3.70-60 abutment area, which holds a lot of accent affective ahead.
If we attending at the alternate blueprint with the abstracts augment from Bitfinex, again there was a absolute bounce abreast the 38.2% Fibonacci retracement akin of the aftermost bead from the $4.30 aerial to $3.50 low. The amount dipped, but bootless to abutting beneath the 100 MA. A nice bullish candle is basic on the 1-hour chart, suggesting that buyers may accretion absorption in the abbreviate term.
Hourly MACD – The alternate Moving Average Convergence Divergence is about to change the abruptness to bullish already again, which is a absolute sign.
Hourly RSI – The Relative Strength Index is assuming bearish signs, and is currently beneath the 50 level.
Intraday abutment level – $3.55
Intraday attrition level – $3.80
Charts from Bitfinex and HitBTC; hosted by Trading View
