The tide is finally turning in the right direction for $LTC. Crypto tends to make a violent turn in the direction that it trends in, then pulls back in the opposite direction. Buy side volume has been great all day and with limited selling. Also the typical indicators of RSI and MACD are also showing strength. I typically look at the 15m, 30m, 1hr, 12hr, and 1 day charts... in that order. When the 15min chart shows strength, then I move on to the 30 min. This works great for trading, and when the 12hr and 1 day finally turn around then I start investing. Regarding the China news nonsense it is far more overblown than is necessary. Don't get me wrong IT DOES MATTER!!! But this is volume I would expect if you substitute Japan for China. China still makes up less than 20% of the money currently in crypto (if you don't believe me look it up on cryptocompare's website), while Japan makes up very close to 50% of it. Users in China can still hold their coins they just can't trade them on an exchange.
All of crypto does look to be on the comeback trail, but it will take awhile to get back to 80's and beyond again just because it made such a drastic turn to the downside. The news that is currently buzzing I get the impression that between OCT 1st- NOV 30th you will see the next big fast rally
All of crypto does look to be on the comeback trail, but it will take awhile to get back to 80's and beyond again just because it made such a drastic turn to the downside. The news that is currently buzzing I get the impression that between OCT 1st- NOV 30th you will see the next big fast rally
Trade active
Expecting a downward trend buster in the next 24hr's HOLD ON.Trade active
Figured I should post some sort of update just so viewers don't think I am lazy. As you can see from my last post not much has changed, the bull trend line to be broken has not done so YET. Ether will have it's time in the sun again. For you trading folk though you may want to identify levels to buy in and sell out some of your money. This can be done if rules are followed. Good Luck,,,,,and BE PATIENT!Note
Just to be clear $315 is our goal to stay and maintain plus a stable volume base as well.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.