LTC/USD Could Tumble Below $50

in esteem •  2 months ago

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Litecoin Price Analysis

Screenshot_2018-09-12-19-29-09-867_com.binance.dev.png

The price is consolidating near $50 with an immediate resistance at $51 and the 23.6% Fib retrace ment level of the last slide from the $56.54 high to $49.85 low.
Dm1gBKjV4AAR-4O.jpeg

Calling a short term bottom here for
Litcoin at $50.00 break that on a daily close my next buy order will be at $38.00.See blue dashed line at the low pivot from Aug 14th, and a double bottom as well.

DmwJ9siUcAAUpFt.jpeg

Bollinger price clinging to 20 MA, currently looking for direction
Volatility is decreasing as bands are narrowing, expecting a big move when volatility picks up.

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Thanks for sharing.

I was just wondering, for your buying zone, do you mean 48 USD and not 38 USD?

congratulation your beautiful post is in trending...

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not at all