LTCUSD (Litecoin) – Week 36 – Mighty trend
Vast Bank, N.A. is now the first federally chartered bank in the U.S. to offer the ability to buy, sell, and custody cryptocurrencies - directly from a checking account - all under one roof. Litecoin and other 7 major cryptocurrencies are now available for purchase directly from a FDIC-insured checking account if you are a customer of Vast Bank, N.A. According to the CEO Brad Scrivner, the bank’s move into offering crypto was approved by the OCC, but also included discussions with the Federal Reserve as well.
Technically, Litecoin behaved as predicted in our last weekly report. It made a move to the upside and broke the resistance area at 200-210 USD per Litecoin. For this week we see Litecoin making small retracements before continuing to the upside. We don’t see any serious bearish price action happening beyond small-medium retracements.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, Litecoin behaved as predicted in our last weekly report. It made a move to the upside and broke the resistance area at 200-210 USD per Litecoin. For this week we see Litecoin making small retracements before continuing to the upside. We don’t see any serious bearish price action happening beyond small-medium retracements.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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