Litecoin reaches somewhere it has not been since November 2017..
PRICE ACTION
March 18, about a question about going short on LTC: “History has not been kind…when the shorts are higher than longs”
Litecoin is the first (major) coin to break above its 52W MA; and – unless something significant happens over the next 24 hours – should confirm the close soon. LTC has been working as the leading indicator for most of the market for the last 12 months; so, this should present a very positive sign. Careful to watch the weekly RSI though; with the current RSI being the highest it’s been since 27 Nov 2017.
OPEN INTERESTS (BITFINEX)
Long: 1.12 Days
Short: 0.74 Days
RELATIVE STRENGTHS
ON BALANCE VOLUME
KEY PRICE AREAS
Resistance: 110, 145, 175
Support: 69 (52W MA), 66 (28D MA), 63
PREVIOUS ANALYSIS
March 18, about a question about going short on LTC: “History has not been kind…when the shorts are higher than longs”
Litecoin is the first (major) coin to break above its 52W MA; and – unless something significant happens over the next 24 hours – should confirm the close soon. LTC has been working as the leading indicator for most of the market for the last 12 months; so, this should present a very positive sign. Careful to watch the weekly RSI though; with the current RSI being the highest it’s been since 27 Nov 2017.
OPEN INTERESTS (BITFINEX)
Long: 1.12 Days
Short: 0.74 Days
RELATIVE STRENGTHS
- Micro (5m): Flat
- Short Term (4h): Bearish Divergence
- Mid Term (1D): Overbought
- Macro (1W): Overbought
ON BALANCE VOLUME
- Mid Term (1D): Higher
- Macro (1W): ATH
KEY PRICE AREAS
Resistance: 110, 145, 175
Support: 69 (52W MA), 66 (28D MA), 63
PREVIOUS ANALYSIS
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.