LTCUSD Market Uncertainty

LTCUSD CHART PRICE – LTCUSD DAILY

Litecoin continues moving sideways since September 25th, it found a strong support level at 45.86, this level has been tested a few times but the price has not been able to complete the breakout, it has not close a session with more than 3% gain or loss, the bollinger bands continue shrinking as the market is still undecided, the relative strength index is currently at 47%, the highest it has been in more than a month, which tells us that the price is at a fair price, as it also sits in the middle of the bollinger bands, in the next few days i’m gonna start looking at shorter term graphs for this pair and try to make short term predictions, for now there are not enough signs on either side to make a trading decision, patience is key in trading so stay put for more updates.

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.