LitecoinLong
LTC Litecoin 1D Update
Hello friends, today I am reviewing the 1D chart for Litecoin (LTC), a crypto altcoin on a linear scale.
In the chart I noted:
1) The price has been bouncing off of a long term trendline since July 2021.
2) The price started moving up another smaller trendline since September 2021.
3) The price recently bounced off of the support line around $200.
4) The price also bounced off of the 0.382 Fibonacci level around $200 and now headed to the possible golden pocket zone (0.618-0.65) between $237-$242. That would be a 8-10% gain.
5) The RSI (relative strength index) recently bounced off of the bottom trendline and possibly headed higher.
7) The volume seems to have picked up over the past few weeks.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
In the chart I noted:
1) The price has been bouncing off of a long term trendline since July 2021.
2) The price started moving up another smaller trendline since September 2021.
3) The price recently bounced off of the support line around $200.
4) The price also bounced off of the 0.382 Fibonacci level around $200 and now headed to the possible golden pocket zone (0.618-0.65) between $237-$242. That would be a 8-10% gain.
5) The RSI (relative strength index) recently bounced off of the bottom trendline and possibly headed higher.
7) The volume seems to have picked up over the past few weeks.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Related publications
Disclaimer
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.