LTCUSD. A growing trend and a disturbing one - "head with should
Litecoin is fairly confidently consolidated over $ 240 after a breakthrough from the $ 100 mark at the beginning of the month.
The holders of long positions were seriously worried only on one ocassion:
During the Christmas sale last Friday, indicators collapsed to a $ 170 mark. However, by the closing of the day, they returned above $ 240.
So technically, the picture is still good for holders of this cryptocurrency.
The only concern at the moment, is the figure formed on the daily chart - "head with shoulders".
Usually such a configuration on the chart is signaling a reversal trend and threatens a fall from the height of the head, to the original November positions - $ 100 for litecoin.
The signal for the implementation of this scenario will be the closing of the day below $ 230.
But at the moment, its not happening
Recommendation: buy.
The holders of long positions were seriously worried only on one ocassion:
During the Christmas sale last Friday, indicators collapsed to a $ 170 mark. However, by the closing of the day, they returned above $ 240.
So technically, the picture is still good for holders of this cryptocurrency.
The only concern at the moment, is the figure formed on the daily chart - "head with shoulders".
Usually such a configuration on the chart is signaling a reversal trend and threatens a fall from the height of the head, to the original November positions - $ 100 for litecoin.
The signal for the implementation of this scenario will be the closing of the day below $ 230.
But at the moment, its not happening
Recommendation: buy.
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