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.
@Melman88.mc, I think the ship has left that port never to return.
melman88.mc
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@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
melman88.mc
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@Melman88.mc, There is an equilibrium pattern at play here which may break bearish