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Litecoin Breaks Its Fall, For Now - 12-20-2017

COINBASE:LTCUSD   Litecoin / Dollar
After what could have been a sharp dropoff in price, Litecoin has found support just above the $300 level (.382 Fib) and has now crossed over the 50 period SMA . The fast Hull MA has now turned green so with price rising above it, we have a clear bullish signal.

Let me know if you like these new line charts. I think they reduce the noise of the candles. Leave a comment below and let me know what you think. :=)

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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
250 is where I'll be buying
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dennisnovak melman88.mc
@melman88.mc, I think the ship has left that port never to return.
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melman88.mc dennisnovak
@dennisnovak, I had based my assumption on the declining daily RSI, and reduction of bullish volume. 250-260 seems like a perfect level of long buying since it has an established support from the last major correction
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melman88.mc melman88.mc
@melman88.mc, There is an equilibrium pattern at play here which may break bearish
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