Litecoin is absolutely crushing upside resistance right now. As you can see, it has broken out above the uptrend channel (in blue,) and it has even poked it's head above the 200 EMA (in purple.) The last time LTC was above the 200 EMA was in the middle of May 2018. So, it has been nine months since we were last above this resistance. This is VERY important to pay attention to. If you haven't noticed, Litecoin is leading the pack right now. If it starts to explode above the 200 EMA, that is a very powerful indication that the market has made a tectonic shift. I've been saying since December that I think we have bottomed, and I am becoming even more confident, especially if the 200 EMA is held as support.
Looking at the price right now, we can see that it popped above the 200 on yesterday's candle, but today's candle is already turning back to test the 200 for support. If it can hold, that would 56.50 in LTC's crosshairs.
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I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
Looking at the price right now, we can see that it popped above the 200 on yesterday's candle, but today's candle is already turning back to test the 200 for support. If it can hold, that would 56.50 in LTC's crosshairs.
Be sure to hit that follow button, and find me on Twitter, via the twitter link on my profile page, for more MagicPoopCannon content!
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-