LTCUSD (Litecoin) – Week 17 – Blue trendline alert
As mayor of Knox County, Tennessee, former wrestler Glen Jacob, stage name Kane, is looking into Bitcoin and Litecoin to help his municipality. Mobile payment service Venmo announced its crypto investing service today, allowing its 70 million customers to buy, hold and sell cryptocurrency directly within the app in the coming weeks. Customers using crypto on Venmo can choose from four types of cryptocurrency: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
After reaching $335 USD per LTC on the 17th of April, Litecoin began a down move that reached $206 USD yesterday. The next move for this pair we think it will be going to be an upward corrective move that will probably reach the price of $290 USD per LTC. Before that up move happen the price could fall to the blue trendline marked on the chart and then start to go up correctively.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
After reaching $335 USD per LTC on the 17th of April, Litecoin began a down move that reached $206 USD yesterday. The next move for this pair we think it will be going to be an upward corrective move that will probably reach the price of $290 USD per LTC. Before that up move happen the price could fall to the blue trendline marked on the chart and then start to go up correctively.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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