LTC/USD - Consolidating before next push to $180!
As indicated yesterday, LTC has done a great run towards $150 and now we are consolidating at this level before we can push higher.
We have two resistance points just above us at $160 and $180. If this momentum continues I expect us to reach those levels fairly soon. However, on the 4h timeframe the indicators need a bit of cooldown, hence we may chop around these levels a bit before we can go higher.
On daily, MACD just did a positive cross, hence, I am very bullish in the next few weeks on LTC. Searching for good long entries is a good idea in this context. ETH has also pushed above its ATH level, so market is turning bullish and heated again.
Enjoy the gains!
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We have two resistance points just above us at $160 and $180. If this momentum continues I expect us to reach those levels fairly soon. However, on the 4h timeframe the indicators need a bit of cooldown, hence we may chop around these levels a bit before we can go higher.
On daily, MACD just did a positive cross, hence, I am very bullish in the next few weeks on LTC. Searching for good long entries is a good idea in this context. ETH has also pushed above its ATH level, so market is turning bullish and heated again.
Enjoy the gains!
Like and follow if you liked this idea!
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