Litecoin gonna move, we don't know where though
There is a higher probability of litecoin moving bullish again, as the indicators show.
Rsi neutral.
SQZMom looking to turn bullish and extend after squeezed period.
ADX and DI don't show anything apart from there is no correlation of current direction.
Market Bottom indicator has just indicated a market bottom, and this is usually generally accurate in these trending markets.
MACD Bullish crossover, potentially looking to build.
MA flattening out.
Could still break out downwards at the end of the FIB line/resistance.
More indicators pointing to bullish than bearish but just wait for confirmation always.
Targets would be the 3 FIB zones above of 22.1k, 22.8k and a final tier of 23.7k. Will drop back down to accumulation resistance potentially if bearish breakout or bottom of retracement.
Sorry this has been short, just trying to keep it concise.
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
There is a higher probability of litecoin moving bullish again, as the indicators show.
Rsi neutral.
SQZMom looking to turn bullish and extend after squeezed period.
ADX and DI don't show anything apart from there is no correlation of current direction.
Market Bottom indicator has just indicated a market bottom, and this is usually generally accurate in these trending markets.
MACD Bullish crossover, potentially looking to build.
MA flattening out.
Could still break out downwards at the end of the FIB line/resistance.
More indicators pointing to bullish than bearish but just wait for confirmation always.
Targets would be the 3 FIB zones above of 22.1k, 22.8k and a final tier of 23.7k. Will drop back down to accumulation resistance potentially if bearish breakout or bottom of retracement.
Sorry this has been short, just trying to keep it concise.
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander