Technical Analysis LTC

Technical analysis for bitcoin and litecoin!

There is where most people have already gone off on a tangent thought of "Its just lines on a chart" and yes....there is good chance its just that! If it seems to be working and if every analysis ..then hey I guess it does say something about market trends!
In a chaotic market one like Crypto, I think it can always help to listen and have more to base your next move on, rather than less!
BTC/USD

After a massive fall since the start of the new year, we are starting to see some positive movement in the market, on the 4 hour chart we see a very clean break out based on the trend for the last 2 weeks, this is very positive and even when we say the massive volume hit the market, it is seeming to fizzle out quite quickly. Even though positive there was a clear break out, the fact that the last fall has lead the entire market MA50, MA100, MA200 lines to fall, it clearly is a bear market and there should be no doubt about it.

I would definitely expect the price to fall and hit the low 9k again to then see a bounce off to a healthy 12k and onwards. Either that or there is no sell off coming, in that case, Wait and watch should be the name of the game, being patient. The market is creeping ahead and this cannot be seen as a bull sign...just yet

LTCUSD
LTC is on fire, call it the new regarding Łitepay, or the bogus/scammy fork that was happening....or just a positive outlook on LTC, since the breakout of ethereum from the good old 700USD levels, LTC is the one that being eyed by all!

On the LTC charts, never has it been more clean when people say "Yesterdays resistance is todays support" indicated by the first 2 and last 2 circles in white. These are the kind of indications that really show market psychology. And I am a fan!
LTC clearly looking very positive, unlike BTC a bounce of LTC falling below the 190 mark is unlikely, if that does happen! Its would indicate a very positive sign to buy up even more! Its only positive and positive for LTC.
I think this prognosis will get clearer and clearer as we approach the launch of Łitepay and the coinbase equivalent.

Trade save and keep learning!

This is not financial advice but an analysis of market trends based on age old indicators, All investments carry risks and one should be responsible of how much he/she/other invests