Trying not to sound like a hopamine analyst here. Hopefully we could be seeing some more green candles on the weekly. I was playing with the fib time tool on here, and between 8 and 13 fits perfectly with a long selloff that we have been in. We are starting to extend past the 13, so, can we expect to see something here soon?
This is not the only tool needed to make an informed buy/sell decision, so I will add that we can see some bullish divergence on the MACD, and a potential double/triple bottom. Litecoin's biggest enemy right now are the moving averages, and should be looked out for, especially the shorter period EMAs (20, 50, etc)
If you have any feedback on my analysis please pass it on in the comments. Constructive feedback always appreciated, but no negativity.
This is not the only tool needed to make an informed buy/sell decision, so I will add that we can see some bullish divergence on the MACD, and a potential double/triple bottom. Litecoin's biggest enemy right now are the moving averages, and should be looked out for, especially the shorter period EMAs (20, 50, etc)
If you have any feedback on my analysis please pass it on in the comments. Constructive feedback always appreciated, but no negativity.