Litecoin surging again

27. Jan. 2020

I came up with this idea last week, LTC didn't break the first support line. On 4 hour chart, RSI oversold signal will shortly make sell pressure, which may slow down the price surge for a few days.

However, this looks very good right now and I will post the next update in a few days.

28. Jan. 2020

Anmerkung

Previously I didn't set any target but 80$, which is one of the Fibonacci levels, could be a realistic target for the next month.

28. Jan. 2020

Anmerkung

Let's take a look at 4-hour chart, earlier this day Litecoin reached 61$ and faced some resistance. During writing this comment it looks that 0.618 Fibonacci level might hold up the price. However, if the price slides lower we might see a double bottom and then head for the new highs.

28. Jan. 2020

Anmerkung

tradingview.com/chart/arxLioZP/

28. Jan. 2020

Anmerkung

Sorry for posting the wrong link.

4. Feb. 2020

Anmerkung

Seems that resistance area (the green box) has turned to support area. In a few days LTC might head for 80 bucks.

4. Feb. 2020

Anmerkung

Thank you

4. Feb. 2020

Trade wurde manuell geschlossen

xx