LTCBTC/USD Resistance broken!!!
Hey there,
Altcoins have been outperforming Bitcoin lately and seem to continue to do so.
Litecoin is currently looking very bullish with a break of resistance on the BTC
and USD chart.
The USD chart is sitting at a 9 on the TD Sequential and could signal a reversal rather soon.
Also other cryptos like Ethereum and Bitcoin are sitting at 8s and 9s, which could
start reversals, consolidations or continuations.
You should definitely keep and eye out for the big altcoin players like ETH, LTC, BCH since
they are on the verge of starting strong bull ralleys (after corrections),
since key resistance has been broken.
On Litecoin we now have to see follow through on the daily timeframe and need
it to close well above resistance to confirm its breakout. There is still a chance for
a fakeout and the confirmation of a small ascending channel on LTCBTC.
Sadly LTCUSD is a bit extended currently so that gives a warning sign for a
possilbe fakeout.
Definitely stay tuned over the next days in crypto and keep and eye for altcoin plays.
Follow me on Tradingview and leave a like.
Also check out my YouTube channel: Enlightened Trading
and my Instagram: enlightened_trading_
if you don't want to miss out on key information.
Cheers,
Konrad
Altcoins have been outperforming Bitcoin lately and seem to continue to do so.
Litecoin is currently looking very bullish with a break of resistance on the BTC
and USD chart.
The USD chart is sitting at a 9 on the TD Sequential and could signal a reversal rather soon.
Also other cryptos like Ethereum and Bitcoin are sitting at 8s and 9s, which could
start reversals, consolidations or continuations.
You should definitely keep and eye out for the big altcoin players like ETH, LTC, BCH since
they are on the verge of starting strong bull ralleys (after corrections),
since key resistance has been broken.
On Litecoin we now have to see follow through on the daily timeframe and need
it to close well above resistance to confirm its breakout. There is still a chance for
a fakeout and the confirmation of a small ascending channel on LTCBTC.
Sadly LTCUSD is a bit extended currently so that gives a warning sign for a
possilbe fakeout.
Definitely stay tuned over the next days in crypto and keep and eye for altcoin plays.
Follow me on Tradingview and leave a like.
Also check out my YouTube channel: Enlightened Trading
and my Instagram: enlightened_trading_
if you don't want to miss out on key information.
Cheers,
Konrad
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