LTC TOO MUCH SIDEWAYS, ENOUGH!
Litecoin is one of the strongest altcoins who has been really weak in the past period with its projects(Litepay) being failure. However lets not forget that it is still one of the strongest altcoins in the market and it is now in its buy zone.
Since first of April Litecoin has triple topped at its Resistance(red area) area however since the third top it has more than triple bottomed at its Buy In Zone(blue area) and it is looking to get out of the retracement trend by forming a falling wedge pattern. For long term I would strongly recommend to buy short term I would recommend to wait a little more as my prediction is that its gonna hit the retracement wave once more and bounce back to buy-in zone after which we should see the breakout.
STOCH RSI is heading down which means downward movement in the market possible however that is short term as the STOCH RSI is already in the oversold area and we should see buyer joining the market soon.
Good Luck, Traders!
Since first of April Litecoin has triple topped at its Resistance(red area) area however since the third top it has more than triple bottomed at its Buy In Zone(blue area) and it is looking to get out of the retracement trend by forming a falling wedge pattern. For long term I would strongly recommend to buy short term I would recommend to wait a little more as my prediction is that its gonna hit the retracement wave once more and bounce back to buy-in zone after which we should see the breakout.
STOCH RSI is heading down which means downward movement in the market possible however that is short term as the STOCH RSI is already in the oversold area and we should see buyer joining the market soon.
Good Luck, Traders!
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