Episode 13 LTC and SC Technical Analysis Feb/24/18

faded-gravity (60)in #cryptocurrency • 6 years ago

Hey there Everyone, I hope you are all having an awesome Saturday!

Here is your daily dose of Technical analysis on Litecoin and Siacoin!

Disclaimer: This is not financial advice

LTC rallied up to push up past previous BTC highs but as the hardfork commenced it has followed by having a bit of a sell off. There are a few trendlines to look for as well as some resistance and support zones. As always look for key levels to be tested and either broken or remain intact and go from there.

SC had a nice rally up with the Altcoin rally a couple months ago and following that has continued to make lower lows and lower highs as the bear trend continues. We have broken the overall downward trend though and are now consolidating in a more sideways move. It is also getting very close to potential long term accumulation positions down near the 78.6 Fib retracement level. Look for the trend to slowly taper off moving sideways showing good signs of support at that level and a good time to accumulate.

That's all for the day, as always all comments and suggestions are welcome, if you see something I do not by all means let me know!

Thanks everyone, if you have questions fire away!