Litecoin has been down trending for some time now.
Downside is about to end, as the charts suggest.
$197 looks quite a bargain price to bounce off which is the next support level.
The next support after $197 stands at around $169 which is major and bounce of this level will be quick.
MACD has been tangled for some time bouncing back and forth the orange line and the the tangle has deepened.
RSI is converging clearly settling at around 40 from 2 oversold scenarios recently which is again a bullish sign.
Also, as the Holidays are almost up which'll also be the factor to end downtrend as the New Year begins.
Happy new year.
Let's welcome 2018 with a big bang in Crypto.
Thank you.
Happy Trading.
Downside is about to end, as the charts suggest.
$197 looks quite a bargain price to bounce off which is the next support level.
The next support after $197 stands at around $169 which is major and bounce of this level will be quick.
MACD has been tangled for some time bouncing back and forth the orange line and the the tangle has deepened.
RSI is converging clearly settling at around 40 from 2 oversold scenarios recently which is again a bullish sign.
Also, as the Holidays are almost up which'll also be the factor to end downtrend as the New Year begins.
Happy new year.
Let's welcome 2018 with a big bang in Crypto.
Thank you.
Happy Trading.