Currently LTC/USD is going up on its own. BTC and all the other major coins are still far behind LTC's progress. Thus we might see a drop off period soon. As well the RSI is looking like we could come down below the red line. Until the coins catch up there might be a limit to LTC's progress.
The red zone is where LTC is pushing above the upward channel, and is most likely to fall again. And the green zone is where LTC will have a fall back to support and where a buying period can begin.
I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.
Thanks so much for reading my analysis, please follow me and like my post!
- Max K.
The red zone is where LTC is pushing above the upward channel, and is most likely to fall again. And the green zone is where LTC will have a fall back to support and where a buying period can begin.
I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.
Thanks so much for reading my analysis, please follow me and like my post!
- Max K.