- more adopted,
- people hold litecoin much more time then bitcoin,
- lightning adopted much more on litecoin network,
- First coin bought by all newbs is LTC or XMR
- CT soon
- Charlie is really good at knowing serious people in crypto space
TA: Bullish flag on the chart.
LTCBTC crossed 50DMA on April 21. From previous trends it looks difficult that it can move above that. Also, it is currently holding between .5 and .618. If the .618 level breaks, we might see go down new lows. However, if .618 level holds, we might see some bounce. 200 DMA remains the last line of defence. Once broken it may be long road to trend reversal.
0.01315 is a major support, while this level is not broken, the Midterm wave will be uptrend.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.01890 on 04/03/2019, so more losses to support(s) 0.01430 and minimum to Major Support (0.01315) is expected.
You can see that the LTCBTC has broken the falling wedge pattern
and moving in Sideway, there is 7 Resistance Level and 4 support level.
1: Resistance Level 0.00999
2: Resistance Level 0.01161
3: Resistance Level 0.01291
4: Resistance Level 0.01442
5: Resistance Level 0.01566
6: Resistance Level 0.01784
7: Resistance Level 0.0200
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
. There is a possibility of temporary...