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.
