THELOGICALINDIAN - Key Highlights
There was a aciculate upside acknowledgment this anniversary for Litecoin amount that has backbone for added gains
Litecoin amount connected to rocket higher, as there was a lot of affairs absorption acclaimed this accomplished week. The amount headed appear $4.37 area there was a affairs absorption noted. The amount afterwards testing the mentioned are started alliance phase, which ability abide for some time. The Bollinger Bands are contracting, which is additionally suggesting ambit trading. The Lower Bollinger Band is accumbent with the 23.6% Fib retracement akin of the aftermost leg from $2.80 to $4.37.
Bullish Call?
There is a bullish trend band formed on the 4-hours chart, which is a above axis breadth for the amount in the abreast term. The 100 simple affective boilerplate is additionally abstraction up accurately with the accent trend line. So, if the amount moves lower from the accepted levels, again antecedent abutment is about the 23.6% Fib level, followed by the 38.2% Fib level. The mentioned fib akin is additionally sitting about the accent trend band at $3.73. So, there is a achievability that the amount ability acquisition abutment about the mentioned abutment area.
The RSI and MACD both are in the bullish zone, which is a absolute assurance for buyers. If the amount break college and clears the aftermost aerial of $4.37, again a move appear the abutting barrier of $5.00 is possible.
Intraday Support Level – $3.70
Intraday Resistance Level – $4.40
Overall, a lot of affairs absorption is visible. So, if you are attractive for added upsides you can accede affairs dips affective ahead.
Charts address of Trading View
