ETHEREUM (ETH), LITECOIN (LTC), AND EOS UPDATES
EOS
EOS has been making higher lows ever since Feb. 6. As you can see within the price action, it has formed an ascending triangle pattern, leading up to 11.1k sats where I drew a line of resistance at.
I would like to see the MACD line crossover the signal line and the price to at break above the 200 EMA before breaking out of the triangle as well.
If the price does decide to breakout over the triangle, I am looking at the 13k sats area for an exit since it is acting as our first resistance level.
ETH
The descending triangle I drew for ETH is possible, but I think the price has a much better chance of breaking above the upper trend line of the triangle.
We are currently bouncing from C, and if BTC starts to hit the area between 9500-10000, I can easily see ETH breaching D and hitting 1000, which is a natural resistance level.
If the MACD line crosses above the signal line, then the confirmation to breach the upper trend line will be valid. Right now the MACD is looking bearish though.
LTC
LTC is bullish right now in my opinion, we breached the upper trend line of our triangle on the 9th. Although we have done this, I would like to see a break above the 200 EMA to confirm the uptrend.
The MACD is also bullish right now, the blue line is above the signal line.
I feel as though we need to stay above 150, since a pullback below this level would bring us back in the downtrend. If this does occur, I can see a move down to 120, which is where the price double bottomed a few days ago.
Disclaimer: (I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.)
Agree on LTC comment. Is very bullish right now.
Check out LTC/BTC and you can se a HUGE bull flag already confirmed.
thank you sir for your information,i am new steemit user please help me
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About Litecoin I think approximately so:
LTC/USD
Litecoin is close to the 20-day EMA, which has acted as strong resistance on two previous occasions.
If the bulls break out of this level, they are likely to face another round of selling around the $175 mark, which has dual resistance, from the downtrend line and the horizontal line.
Once the LTC/USD pair breaks out of these resistances, it will probably start a new uptrend, which can carry it to $243 and after that to $307.
Traders can initiate long positions once the cryptocurrency breaks out and sustains above the $175 levels. We don’t have a specific stop loss position. We can update the same one once our buy levels are triggered.
I agree with your analysis, LTC needs to break either the 175 resistance or the upper trend line of the descending triangle! Followed you since I see that you do crypto updates as well!
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