LTC all support holds well, now let's pull up towards $60.

LTC all support holds well during this time, I believe we are still in the uptrend, and as the Stoch RSI arrived over sold zone with all supports well, I think it's time for LTC to pull up.

And in next few days BTC will start the segwit2x from July 21, after a research I think it will pass, but still we need to keep an eye on it, safety is always priority.

Good luck.

Detial:

Nota

Not very good for the first rebounce, so be careful, and here is two support if the lower track break.

Nota

I think LTC will touch the MA30 and the purple upper track first.

Nota

3 Supports in the red circle and also Stoch RSI reach over sold zone on 1day, a re bounce is very possible.

Nota

I think LTC will bounce to 78.6% Fib with the strong support 255YUAN which is base on 50% Fib, MA60 and a support level.
But that would creat the right shoulder, so, let's see.

Nota

300YUAN will be a very strong resistance this time, MA30,90,144 all mixed there, also a former support level,even I believe the re bounce is not finished, but I don't think LTC can break through this area at this time, otherwise it will be really strong for what coming next.

Nota

One more leg, and if the lower track holds, we will have one more chance for long.

Nota

Around 310YUAN, we have MA60, MA90, MA144 of 6H mix together, it's really not easy for LTC to go through it, so, we need to watch the rate of LTC/BTC

Nota

So far so good, now we are facing the last resistance, 78.6%Fib and the big lower track, just like the chart one week ago

Nota

Detial

Nota

One more try.

Nota

Left shoulder formed, 255yuan will be tested again.

bamboodian

Publicaciones relacionadas

LTC, will it be a storm?

por bamboodian

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.