Rune is looking good for a breakout and continue the uptrend. There is a bullish acending triangle with a flat top with the $3.60 line providing support and $4.20 resistance. The 50MA has provided good support for Rune and is forming the acending line in our triangle. Look for the price to meet it and bounce to new highs. The MACD histogram is beginning to...
The four hour chart shows a pretty clear double bottom supported by a volume spike and RSI divergence between the two bottoms. We have a major down trend line, the head of the double bottom itself and a line of resistance at $180 that could help support validating a breakout. These signals hold when zooming out to the one day.
Less analysis and more an observation, but presently the RSI is right in line with what we would perhaps expect. The thing to watch is maybe any move for the RSI below the 50% zone, there has been no sustained move there since the the end of 2013, which signaled a bear market.
Aragon is one the few projects that has not seen a significant bump in the recent market. With more companies beginning to utilise the platform could it be time for Aragon to breakout?
I am new to analysis so please feel free to give me feedback on any rookie errors I have made! Looking at this chart it seems to me that LTC has reached a crossroads where we will see if bounces back up or continues its downtrend