Hey guys, Litecoin kicked some butt today and we closed at 11% up. The pattern is very similar to that of Bitcoin and here is the daily chart:
Comment: We crossed 2 important trendlines, one for the price and one for the stochastics. Both good signs but there is still a lot of resistance left before we can relax a bit. The resistance is everywhere between 250 and 285 and I want a daily close above that area, preferrably above 290.
That might not happen today, since we got such a nice move yesterday. Be prepared for a potential breather day, but yeah, there you have it, lets focus on 290 next.
Happy trading!
that's great for the day but the coin does not have long term prospect especially when the founder diched almost all his coins
He said it was for conflict of interest, right? Not that I buy it 100%, but is there something beyond that that we are missing?
Steem Also in height :D
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