Litecoin Price War at The 200 EMA!

31 de dez. de 2017

After falling out of a symmetrical triangle, and building a bear flag under the 200 EMA (purple line,) the LTC bulls have managed to push the market above the 200 EMA, and back into the apex of the symmetrical triangle. Price action still resides inside of the bear flag, but short term action shows slight buying interest. I've added a light grey box to the chart, which includes all of the accumulation from the long candle wicks around the 22nd of December. It's an area where the buyers recently stepped in to accumulate LTC, so LTC could certainly find renewed support anywhere in that region. Breaking below the grey box would be very bearish.

31 de dez. de 2017

Nota

Also, there has been a bullish crossover on the four hour MACD. It's circled in green.

1 de jan. de 2018

Nota

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***