THELOGICALINDIAN - Litecoin amount looks like started a shortterm accretion and there is a adventitious of it affective college if buyers accretion momentum
Litecoin amount traded appear the $3.30 abutment breadth begin abutment abreast $3.36, as buyers managed to avert the declared akin successfully. There was a bearish trend band formed on the alternate blueprint (data augment from Bitfinex), which was austere by buyers during the contempo upside drift. The amount additionally acclimatized aloft the 23.6% Fib retracement akin of the aftermost bead from the $3.75 aerial to $3.36 low.
The abutting hurdle on the upside may be about the 50% Fib retracement level, as it is additionally positioned with the 100 alternate simple affective average. If the amount moves lower from the accepted levels, again the burst trend band could act as a abutment area.
If we attending at the 2-hours blueprint with the abstracts augment from HitBTC, again there is a monster attrition abreast $3.60. The declared akin acted as a support beforehand and affective advanced may act as a resistance. It would be absorbing to see how sellers acknowledge if the amount alcove there. Overall, there are abounding absolute signs, pointing added assets attractive ahead.
Hourly MACD – The alternate MACD is in the bullish zone, suggesting an upside move.
Hourly RSI – The RSI is aloft the 50 level, which is addition bullish sign.
Intraday Support Level – $3.45
Intraday Resistance Level – $3.60
Charts from Bitfinex and HitBTC; hosted by Trading View
