Litecoin Market Overview

Litecoin Market Overview

Litecoin / Tether


Litecoin reached a strong support zone which reversed the market 2 times in the past. This zone can be a bottom and a starting point for a new upward movement to the downtrend line at least. RSI confirms a price reversal. MACD histogram supports the upward movement. DMI is bearish and it confirms the strength of sellers. For a reliable buy signal, we should wait when ADX line starts falling. But now we can say that the market found a good support. Will be bulls able to develop a new uptrend from this price reversal? We’ll see, but staying above 100.00 level, it’s good support for bullish market in long run.

Source: TW DLavrov

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