$LTC - Strong momentum - Crucial Point
Cập nhật
Litecoin has had very strong surges through historic resistances.
1) A curious pattern shows up here, these surges have been happening at a regular 7-8 day time intervals since December 11th. Every surge marked by the 'Golden Cross' in the MACD indicator (indicated with arrows)
We are at the start of a new 7 day cycle and there is a bullish penant / ascending triangle formation - A breakthrough from here will take it to the strong historic resistance area between $215-$235 - which is likely as there is also a Bullish divergence ( Rising price & Falling MACD ). A continuation of this cycle and
LTC will push through this resistance with ease.
2) But ATR on high time frames indicates high volatility, which may result in a weak breakthrough or a pull back. The weekly trend is strong - held by the yellow trend line - so a pull back will squeeze it into a range, taking time in accumulation before a move up.
...........................................
A strong pullback will make it go back into the rising channel, with the resistance at $152 serving as support.
A move to its all time high at $360 seems reachable soon unless Bitcoin changes its mind & starts a rally to $50,000 - if so, every other coin will have to bow down and step aside.
..........................................
Target update after a breakthrough to ATH
No stoploss, the rally is just starting! ;)
1) A curious pattern shows up here, these surges have been happening at a regular 7-8 day time intervals since December 11th. Every surge marked by the 'Golden Cross' in the MACD indicator (indicated with arrows)
We are at the start of a new 7 day cycle and there is a bullish penant / ascending triangle formation - A breakthrough from here will take it to the strong historic resistance area between $215-$235 - which is likely as there is also a Bullish divergence ( Rising price & Falling MACD ). A continuation of this cycle and
LTC will push through this resistance with ease. 2) But ATR on high time frames indicates high volatility, which may result in a weak breakthrough or a pull back. The weekly trend is strong - held by the yellow trend line - so a pull back will squeeze it into a range, taking time in accumulation before a move up.
...........................................
A strong pullback will make it go back into the rising channel, with the resistance at $152 serving as support.
A move to its all time high at $360 seems reachable soon unless Bitcoin changes its mind & starts a rally to $50,000 - if so, every other coin will have to bow down and step aside.
..........................................
Target update after a breakthrough to ATH
No stoploss, the rally is just starting! ;)
Bình luận
LTC just crossed a strong resistance after being a sloth for most of this bull run - IT IS GOING TO FLYY!Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.