Litecoin technical analysis 10/30/2019
LTC Technical Analysis 10/30/2019.
Currently I am still neutral on Litecoin as I see it trading sideways between the $50 - $62.50 range. See my last LTC trade idea.
Current chart looks a lot similar with last November. Both trading near the same levels and also currently failing to cross the 9 day MA and the 200 day EMA, just like last year. See highlighted areas. If the pattern plays out similar to last year, we should see prices drop to the $30-$40 range pretty quickly.
If prices drop, I will personally be looking to add to my bag of LTC.
However, if we see price break the $62.50 resistance, we could potentially see some nice bullish rallies.
Either way, I'm sitting neutral until price stops trading sideways and makes a clear move in either direction.
Currently I am still neutral on Litecoin as I see it trading sideways between the $50 - $62.50 range. See my last LTC trade idea.
Current chart looks a lot similar with last November. Both trading near the same levels and also currently failing to cross the 9 day MA and the 200 day EMA, just like last year. See highlighted areas. If the pattern plays out similar to last year, we should see prices drop to the $30-$40 range pretty quickly.
If prices drop, I will personally be looking to add to my bag of LTC.
However, if we see price break the $62.50 resistance, we could potentially see some nice bullish rallies.
Either way, I'm sitting neutral until price stops trading sideways and makes a clear move in either direction.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.