After a hefty sell-off, Litecoin has reached the bottom of a horizontal channel. If the sine pattern continues, Litecoin should double by the end of September. The RSI has reached the oversold zone and the bottom of it's sinuous oscillation, signaling a price reversal as well. Buy around 0.01 BTC and sell at 0.021
評論:
Litecoin never quite reached its target after the Bitcoin sell-off, but it has returned to its former 0.01 floor. The RSI is once again oversold, and a reversal is likely. There is little risk in opening long trades at the current price.