Litecoin long

11 พ.ย. 2020

Same as chainlink, 50 MA crossing up on 250 on both 4hour and 1day intervals. Increased volume . RSI shows its not overbought. Resistance at around 64-65. This was the same resistance point it was testing Fall 2017 before it went nuclear when Bitcoin was already getting hot. If it breaks above, wouldn't be surprised if we see a long bullish run for this asset.

17 พ.ย. 2020

บันทึก

Not unsurprisingly, after testing the 64/65 limit once, followed by a short retracement, Litecoin broke through and is now trading towards the high 70s. Next resistance point would seem to be around 84. If it's able to push through that one, it could go all the way to the next "clear" resistance level at 144. RSI is high on the day and 4hr intervals, but lies below 70 on the 1hour intervals. ADX on 1day interval just picked up over 25 which likely indicates a continued increase. Volume has increased since first idea was published solidifying the upwards trend.