The five-week rise of Litecoin from minimums seems to have stopped. The low moving average around $180 was not overcome, so the rebound now limited only by fast moving average of around $150 has started.
The important moment of choice has come: to rise further and turn the rebound into new long-term wave of growth or to stop at the achievements of last month.
In case the rise stops under $180, the position of bears will become very weak. We have sell signals from weekly MAcross and return from the bottom to the slow moving average which starts to decline. All this together is technically an ideal moment to open medium-term positions for decline. There is also the third option of possible situation if two opposite tendencies get together: the game of the zone around current key levels.
It isn’t obvious now which scenario will take place and which will turn out to be just assumptions.
Wish you profitable deals!
And follow our reviews.
The important moment of choice has come: to rise further and turn the rebound into new long-term wave of growth or to stop at the achievements of last month.
In case the rise stops under $180, the position of bears will become very weak. We have sell signals from weekly MAcross and return from the bottom to the slow moving average which starts to decline. All this together is technically an ideal moment to open medium-term positions for decline. There is also the third option of possible situation if two opposite tendencies get together: the game of the zone around current key levels.
It isn’t obvious now which scenario will take place and which will turn out to be just assumptions.
Wish you profitable deals!
And follow our reviews.
