Cryptos have no "cryptonite" | LTC Market Commentary
Like every other coin (except XRP) has a bright day, Litecoin makes its way to new highs. It is one of the major cryptos so it is worth to give some time to analyze it - and hopefully profit.
The blue boxes are areas where buyers tend to put pressure on the price and push it higher. It usually comes at the end of a correction, which is analyzed with the help of one of my favorite tools; the wave theory.
MACD-wise, we notice that unlike the first time, now we get accumulation signals from the momentum indicator, which should alerts us to expect some buying pressure (or bearish but overall trend is bullish here)
$150 is a major major major key level and we have to see that being broken in order to start watching higher.
Thanks for reading, have a nice rest of the day!
The blue boxes are areas where buyers tend to put pressure on the price and push it higher. It usually comes at the end of a correction, which is analyzed with the help of one of my favorite tools; the wave theory.
MACD-wise, we notice that unlike the first time, now we get accumulation signals from the momentum indicator, which should alerts us to expect some buying pressure (or bearish but overall trend is bullish here)
$150 is a major major major key level and we have to see that being broken in order to start watching higher.
Thanks for reading, have a nice rest of the day!
