Hello all,
While bitcoin updates its historical highs, as expected (see the previous post), litecoin forms a triangle. And in the coming weeks we will see a way out of it. Only where, up or down?
We have rising lows and highs after September 15th. This is a good sign for long. But we must wait for confirmation in the form of an exit from the triangle up.
Litecoin has resistance zone at the level of 58.70 - 59.00. And as long as I do not see the closing of two hour candles above this level, I will not buy aggressively .
The support level is at 53.00- 53.60. While we are above it, litecoin is in a local up-trend.
We are waiting for an exit from the consolidation.
I wish you a huge profit,
your @nutcracker.
Disclaimer: This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
