It needs to break that 0.37-0.4 zone to make new ATH and push to 0.65. This might happen with everybody involved in alt coins now. If it fails to break the zone we will have a new trading range 0.23-0.28.
Nice run on LTC, pushed by recent news calling the community "drama free" and Litecoin being the future of crypto. Agree but first, let's lock some profit now and own more later. Good luck.
Heading down until resistance trend line. 13655 should be a good buy before bouncing back. Stop loss must be placed. If break the resistance trend line, it should head down to the 11750 mark (around 12k).
Volume is increasing and a quick look at the historical data would tell us a big move is to come. Time to place a bet. We would need a confirmation before buying, idem for selling. Up target 78.
BTCUSD forming a rising wedge Bearish pennant formation as well But demand is still very high with new buyers. The 10K mark made people taking the plunge with BTC. To watch closely for a breakout (up or down).
I wouldn't place any order as of yet. We should watch closely to anticipate the next movement. Bearish or bullish. I can see a correction coming from there but we need a confirmation. Alerts are placed, we shall now wait and pay attention.
Following my previous post, there are two resistance points to break at this point (Blue and light blue lines). This will create some sideways movement but if breaks these levels more upside until the 12K mark. BTC should still experience a decent correction to the 8ish after a new ATH. This is a no trade zone though. We need confirmation before placing orders.
Descending channel for now until support trend (blue line). If this trend line breaks, then descending channel will continue to landing zone where trades should be reviewed. If we break upper descending trend line (black line), we should look for a rebond around the 12K mark.