BTCUSD Gains Ground
August 24, 2020
ETHUSD Recovering After Almost Reaching Support
August 25, 2020
LTCUSD CHART PRICE – LTCUSD DAILY
After a bad Friday session, Litecoin made a big recovery during the weekend, on the beginning of the new session it made the most progress and it currently trades above the resistance level after reaching its support at 57.7, this is a potential breakout for the cryptocurrency, in which case if its confirmed we can expect the price to continue rising at least to the 67 levels, the Relative Strength Index could still allow that since it is currently at 58%, giving us enough room to still go long, we need to be careful if this levels rises fast, we don’t want to be stuck on the trade when it gets closer to 70%, the bollinger bands are opening up and we can expect high volatility, I would wait for a breakout confirmation in the next hours to place a long trade.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
