LTCUSD at critical point as well

in #litecoin • 7 years ago

Litecoin (USD, Bitfinex) looks to be in a very similar development as Bitcoin. Where Bitcoin broke through the 200 day moving average (200d MA), however, Litecoin bounced nicely off.

As we reach a possible green 4 in the time analysis and the 0.236 fibonacci level, the trend may reverse down, or continue to try for a green 9 at around the 0.382 (229) fibonacci or around there.

I would be cautios, yet optimistic about Litecoin since it actually held above the 200 day moving average, unlike Bitcoin (BTCUSD) (see my previous post).

#ltc #charts #ta
7 years ago in #litecoin by
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     7 years ago 

    Cheers for this. I'm optimistic about Litecoin too.

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     7 years ago 

    Along with BTC and ETH, LTC is another worthwhile crypto to hold for a long time.

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