Litecoin. A flat trend of $ 200- $ 300
In our previous LTCUSD review, we wrote about a disturbing head with shoulders figure that appeared on the chart.
It actually did stop the growing trend, but did not lead to a reversal and a fall, at least for now.
Now we see an obvious flat trend with all its signs in the form of intertwining moving averages and the rate testing first the upper then the lower bounds of the range. These are now set at $ 200 and $ 300 respectively.
However, the rate could be floating aswell.
For long-term investors, we recommend that you refrain from any action with Litecoin until it exits the specified range.
Short-term traders can try to work with the range: buying from $ 200 and selling at $ 300
It actually did stop the growing trend, but did not lead to a reversal and a fall, at least for now.
Now we see an obvious flat trend with all its signs in the form of intertwining moving averages and the rate testing first the upper then the lower bounds of the range. These are now set at $ 200 and $ 300 respectively.
However, the rate could be floating aswell.
For long-term investors, we recommend that you refrain from any action with Litecoin until it exits the specified range.
Short-term traders can try to work with the range: buying from $ 200 and selling at $ 300
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