#1 Crypto H4 LTC/BTC In A Defined Range Jan 09 2018

405 0
Since the end of the parabolic move up in the beginning of Dec price
has carved out a large range, and there is also a smaller range within
this (red lines). Currently price has been supported by the Weekly
Pivot Point at 0.01652 and is trying to take out a small range that has
formed since yesterday. If price holds above price may
advance towards the upper red range and previous tops at 0.0185 level.
SMA200 moving average is firmly rising and should eventually spark
more upside.
If price breaks lower and close below the 0.0161 low, we
might see another move down to the lower end of the range and a
test of the Weekly S1 and the yet untraded Monthly Pivot Point at 0.014.
Bulls would like to see some momentum and of course a breaching of
the upper large range and the high from Dec 12 at 0.020 which could
spark some strong price action after a longer time of built up energy within
the range.

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