[Breaking News] Litecoin Is Breaking Out, Up 22% Right Now (Video)
Hey guys, what an amazing day for Litecoin, it is currently up 22% and we have broken the falling trendline for the first time since December of last year. Here is the daily chart:
Comment: From the chart we can also see that the volume is the highest since the bottom at 106 so that is also a very bullish sign, we want a lot of volume in order to get a sustainable breakout.
Also, the bollinger band median (red line) is also trending up again for the first time since last year.
But lets also have a look at the weekly chart:
Comment: Here we can see that there is a lot of resistance around 200 so be prepared for a breather here for Litecoin. We want a weekly close above 200, that would be very bullish.
Finally, lets have a look at the area line chart:
Comment: Here we can see that we must have a daily close above 196 which is the last major peak for Litecoin. Until we do that, we are still in the downtrend.
Happy trading!
Looking forward to the future things are looking good 👍⚡⚡⚡⚡⚡⚡♨️
with all the positive news from LTC lately i am sure this is just the begining!
Good move for those who bought LTC earlier this month. The rise is definitely influenced by the Fork coming soon. I expect it to till rise. Also keep an eye on ETC.
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The #Litecoin ( #LTC) price is going mad right now as there is a pending fork on Sunday #Litecoin Cash ( #LCH) as people are buying up for their freebies; massive dump soon.
Personally I will be selling LTC as soon as the snapshot from the fork happens and the price plummets from all those panicking.