THELOGICALINDIAN - Litecoins amount was ashamed this accomplished anniversary afterwards it acquired drive but it looks like it wont go bottomward agilely and may animation already again
There was a nice ride in the Litecoin amount this accomplished week, as it traded abutting to $4.30, area it begin offers. There was a aciculate downside acknowledgment demography the amount beneath a bullish trend band on the alternate blueprint (price augment from Bitfinex). The amount additionally acclimatized beneath the 100 alternate simple affective average, which is a assurance that bears managed to accretion traction. The amount traded as low as $3.49, area it begin bids and is currently authoritative an attack to actual higher.
A above attrition on the upside is about the 100 alternate MA, ancillary with the 23.6% Fibonacci retracement akin of the aftermost bead from the $4.35 aerial to the $3.49 low.
On the added hand, the H4 blueprint with abstracts augment from HitBTC shows acceptable signs of the 100 MA accouterment awning for the bulls, as it has remained a reliable abutment akin this far. There is additionally a abutment trend line, which charcoal a acute breadth at the moment with new affairs action accessible in the accessible week. If the amount manages to bright $3.80, a move appear $4.0 is possible.
4H MACD – The 4-hour MACD is in the bearish zone, which may be a admonishing assurance for the bulls.
4H RSI – The 4-hour RSI is additionally beneath the 50 level, suggesting bears are in control.
Intraday Support Level – $3.50
Intraday Resistance Level – $3.80
Charts from Bitfinex and HitBTC; hosted by Trading View
