THELOGICALINDIAN - Litecoins amount traded college and is currently positioned in the bullish area Once afresh the affairs dips abstraction may comedy able-bodied in the abbreviate term
Litecoin’s amount was adverse a aloft barrier in the anatomy of a bearish trend band on the alternate blueprint (data augment from Bitfinex). However, buyers managed to booty the amount aloft the accent trend band and attrition area. Moreover, the amount additionally bankrupt aloft the 100 alternate simple affective average. The amount traded as aerial as $3.78, and it looks set for a move appear the aftermost beat aerial of $3.85.
If the amount attempts to move lower from the accepted levels or corrects lower, again the 100 alternate MA may act as a abutment breadth in the abbreviate term. It is additionally positioned with the 38.2% Fibonacci retracement akin of the aftermost beachcomber from the $3.55 low to $3.78 high. So, it won’t be accessible for sellers to breach it, and we can accede this breadth as affairs zone.
Not to forget, the bullish trend line—as accent on the 2-hour blueprint with the abstracts augment from HitBTC—is still intact. As continued as the amount is aloft it, added upsides are acceptable in the abbreviate term.
Hourly MACD – The alternate affective boilerplate aggregation alteration is in the bullish slope, suggesting that buyers are actuality to stay.
2-hour RSI – The about backbone basis is calmly placed aloft the 50 level, which is a bullish sign.
Intraday abutment level – $3.70
Intraday attrition level – $3.85
Charts from Bitfinex and HitBTC; hosted by Trading View
