LTCUSD - PRICE CORRECTION- BULLISH FORMATION
LTCUSD
Price retrace back to USD 310 together with Bitcoin dump
Reasons to be bullish
1) MACD daily green
2) RSI above 50 daily
3) Above all MA on daily
4) Price finding support at previous resistance, resistance flipped to support
5) Trading in the bull cycle upward channel
6) Finding support at 0.5 fib area
Overall still bullish on LTC, price looking to break the upward channel and go to USD 485 1.618 fib area.
Price retrace back to USD 310 together with Bitcoin dump
Reasons to be bullish
1) MACD daily green
2) RSI above 50 daily
3) Above all MA on daily
4) Price finding support at previous resistance, resistance flipped to support
5) Trading in the bull cycle upward channel
6) Finding support at 0.5 fib area
Overall still bullish on LTC, price looking to break the upward channel and go to USD 485 1.618 fib area.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.