LTCUSD Analysis by Ec Crypto

1 giu 2018

So right now, we are in an indecisive market where the price movement is lateral. As we can see in this chart, we have two major resistance lines at $140 and $167 as well as two major support lines at $109 and $90. The MACD is probably indicating an oversold scenario, so if the price breaks the resistance of $140 then the price might try to reach the moving average line. Otherwise, if the price breaks the support line of $ 109 then we expect the price to reach our first target of $90. Both scenarios are good opportunities to earn profit. Make sure to keep an eye on the BTC movement that can always change our expected trend.


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