Litecoin is moving ahead with strength and already trading above resistance.
It recently broke above EMA10, while EMA100 worked as support on the retrace.
The MACD is bullish and showing a signal of additional bullish action to come. While the RSI indicates that Litecoin can continue moving up.
LTCBTC main target for further strength is a strong break and close above 0.009488.
LTCBTC main support will remain at EMA50 (around 0.00900). Above this price, it can remain bullish.
Below EMA200 (yellow), it goes bearish.
Namaste.
It recently broke above EMA10, while EMA100 worked as support on the retrace.
The MACD is bullish and showing a signal of additional bullish action to come. While the RSI indicates that Litecoin can continue moving up.
LTCBTC main target for further strength is a strong break and close above 0.009488.
LTCBTC main support will remain at EMA50 (around 0.00900). Above this price, it can remain bullish.
Below EMA200 (yellow), it goes bearish.
Namaste.
Note
Litecoin managed to move and close above resistance. This is a positive signal.The daily candle is looking well as well. It is almost full green/bullish, and aiming to close above EMA200 (orange line).
Note
"LTCBTC main target for further strength is a strong break and close above 0.009488"And a stronger move followed...
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