THELOGICALINDIAN - Litecoins amount charcoal accurate on dips and there is a aerial anticipation that it may move appear 4 area sellers could anticipate the upside
Litecoin’s amount aggregate clip recently, as forecasted in yesterday’s post, and our abstraction of affairs dips formed actual well. There is now a bullish trend band formed on the alternate blueprint (data augment from Bitfinex), which is accouterment abutment to the price. It may abide to arrest the downside move, and can be apparent as a affairs zone, as the 100-hour simple affective boilerplate is accumbent aloof beneath it to act as a barrier.
Moreover, the 50% Fibonacci retracement akin of the aftermost beachcomber from the $3.40 low to the $3.84 aerial is additionally on the downside about the accent trend line, a abutment breadth to advice buyers. If there is a downside move, again $3.60 may anticipate losses in the abreast term. On the upside is an antecedent attrition is about the contempo aerial of $3.85, followed by the $4 handle.
Looking at the 2-hour blueprint of Litecoin prices with abstracts augment from HitBTC, there is a aloft approach arrangement forming. A breach aloft the approach high trend band may bright the way for a move appear $4.
2-hours MACD – The 2-hours MACD is in the bullish slope, signaling added gains.
2-hours RSI – The RSI is aloft the 50 level, which is addition assurance of bulls.
Intraday Support Level – $3.60
Intraday Resistance Level – $3.85
Charts from Bitfinex and HitBTC; hosted by Trading View
