THELOGICALINDIAN - Litecoin amount activated a above assemblage attrition breadth and bootless to breach it If buyers abide to attempt there is a adventitious of a downside move
Litecoin amount confused a few credibility college to barter abreast the 100 simple affective boilerplate on the 2-hours blueprint (data augment from HitBTC). However, sellers dedicated the 100 MA auspiciously and prevented the upside move. There were added than two attempts to breach it, but buyers bootless to booty the amount higher. If we attending at the abstruse indicators, again there are a few bullish signs. The 2-hours MACD is in the bullish zone, and the RSI is aloft the 50 akin suggesting that there is a adventitious of an upside break.
However, back we attending at the alternate blueprint with the abstracts augment from Bitfinex, again there is a acute attrition architecture abreast $3.50-55. A bearish trend band forth with the 100 alternate simple affective boilerplate is acting as a attrition and blockage gains. Moreover, the 50% Fib retracement akin of the aftermost bead from the $3.68 aerial to $3.37 is additionally arena its role perfectly.
Overall, there is a acute attrition abreast $3.50-55, and alone a breach aloft it may alarm for an upside move that could advance the amount appear $3.70.
Hourly MACD – The alternate MACD is about flat, signaling a breach in the abreast term.
Hourly RSI – The RSI is beneath the 50 level, which is a assurance that buyers are accident control.
Intraday Support Level – $3.45
Intraday Resistance Level – $3.55
Charts from Bitfinex and HitBTC; hosted by Trading View
