LTC/USD - Consolidating before next push to $180!
As indicated yesterday, LTC has done a great run towards $150 and now we are consolidating at this level before we can push higher.
We have two resistance points just above us at $160 and $180. If this momentum continues I expect us to reach those levels fairly soon. However, on the 4h timeframe the indicators need a bit of cooldown, hence we may chop around these levels a bit before we can go higher.
On daily, MACD just did a positive cross, hence, I am very bullish in the next few weeks on LTC. Searching for good long entries is a good idea in this context. ETH has also pushed above its ATH level, so market is turning bullish and heated again.
Enjoy the gains!
Like and follow if you liked this idea!
We have two resistance points just above us at $160 and $180. If this momentum continues I expect us to reach those levels fairly soon. However, on the 4h timeframe the indicators need a bit of cooldown, hence we may chop around these levels a bit before we can go higher.
On daily, MACD just did a positive cross, hence, I am very bullish in the next few weeks on LTC. Searching for good long entries is a good idea in this context. ETH has also pushed above its ATH level, so market is turning bullish and heated again.
Enjoy the gains!
Like and follow if you liked this idea!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
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.