It seems to be we may have potentially formed a around the 100 mark.
As you can see, the at these levels twice brought out the bulls in full force.
We can also see that there has been a cross over within the .
We are at a critical point where we are trading right below the 50 day , which has been highly resistant in the past.
If Litecoin can break through the 50 day , it will zero in on the top of the and heavy resistance at about the 180 levels. And a break through on those, will convince me that there has been a market reversal and control has been taken away from the bears. But all this could change in an instant, in fact, while writing this, Litecoin came so close to touching the 50 day and immediately pulled back a bit!
These are very exciting times!!
The obvious point right now is that the 50 day EMA is very resistant. We have failed to breakthrough over the past few hours, however buying has been very strong each time there has been a small dip under 140. This situation needs to be monitored VERY closely.