Cryptopub Market update!
Good morning Crypropubgoers and weekend warriors as we get back to the grind.
This morning has a bit of green sprinkled into the mix of 24-hour growth as BTC has backed away from the ledge a couple steps. ETH continues to hold steady, Bitcoin Gold is coming back for seconds and NEO continues its very aggressive 4-day growth. ZEC and XMR are showing life as well while the shine has worn off Ripple for the time being while makes the decentralization crew happy.
Your daily drunken T&A brought to you by @adsactly and his awesome post covering private coins (https://steemit.com/crypto/@adsactly/adsactly-spotlight-on-cryptocoins-pivx-7th-feature-private-coins)
Today we flip back to Litecoin which has been wiggling through consolidation in what feels like forever. Though it has been some good scalping (good for me is confidently selling the top and not wondering if it is gonna jump $30 as soon as I sell it) LTC remains to many as one of the vastly undervalued coins presently. Resistance has only been tested once since the ATH which makes it not so formidable and we are pretty close to support which is rising every day. The STOCH and MACD look good (Bullish) on this 3 hour chart but there is a contradictory (Bearish) STOCH divergence (higher lows on the price but lower lows on the Support Index) Over the next day or so, keep an eye on the $260 and $270 price levels as you should see fireworks at either one (Hard bounce or breakthrough.) My gut feel is a breaking of the week resistance and a bounce off the ATH resistance. Grab some popcorn, watch the bollinger bands squeeze out a breakout, and watch the red circles for some entertainment.
Lottery coins I am watching this morning are Stellar Lumens (Mcaffee https://twitter.com/officialmcafee shilled it this morning in his weekly Coin spotlight) Syscoin (https://bittrex.com/Market/Index?MarketName=BTC-SYS) and BNB.
Also please visit and contribute your knowledge to the new daily feature I have been asked to put together to educate the normies! https://steemit.com/trading/@vanessav/from-normie-to-competent-crypto-trader
Good report @vanessav! Litecoin will likely pump soon. I also think BTC will be big based on the conclusions drawn by @vegansilverstack. In fact I blogged about it today: https://steemit.com/bitcoin/@sequentialvibe/thoughts-on-bitcoin-and-the-lightning-network
Cheers at the Crypto Pub!
Man good thing the coffee here is as good in the morning as the beer is in the evening!
Go litecoin go! I think it is getting lumped in with BTC patterns right now and as the non-GPU-mined coin. Speculating that IF BTC returns to glory and sucks the wind from the sails of the altcoins, LTC will rise as well.
Please continue to keep BTC away from the edge of that ledge.
Sounds like I need to give LTC some more lovin'! Great analysis as always!
Long live the miners!