Litecoin looking lite on Volume...
PRICE ACTION
LTC appears to be getting a little reprieve bounce off the 28D MA; and more than likely some support from the bullishness of the broader market. Price has been range trading between $75-$85 since 11-April; and it will be interesting to see how price reacts @ $80 over the next 24 hours.
Volume on the recently closed 4H candle was somewhat positive for bulls; however it was unable to recover the ground lost from the 21-April red 4H candle prior to Easter.
Now that most countries are back from their 3- or 4-day breaks; we should see some liquidity come back into the market. What ripples will that capital form in the wake of a bullish looking market?
OPEN INTERESTS (BITFINEX)
Long: 1.52 Days
Short: 0.68 Days
RELATIVE STRENGTHS
ON BALANCE VOLUME
KEY PRICE AREAS
Resistance: 85, 100, 115
Support: 78 (28D MA), 75, 65 (52W MA)
PREVIOUS ANALYSIS
LTC appears to be getting a little reprieve bounce off the 28D MA; and more than likely some support from the bullishness of the broader market. Price has been range trading between $75-$85 since 11-April; and it will be interesting to see how price reacts @ $80 over the next 24 hours.
Volume on the recently closed 4H candle was somewhat positive for bulls; however it was unable to recover the ground lost from the 21-April red 4H candle prior to Easter.
Now that most countries are back from their 3- or 4-day breaks; we should see some liquidity come back into the market. What ripples will that capital form in the wake of a bullish looking market?
OPEN INTERESTS (BITFINEX)
Long: 1.52 Days
Short: 0.68 Days
RELATIVE STRENGTHS
- Micro (5m): Higher Lows
- Short Term (4h): Chop
- Mid Term (1D): Weakening
- Macro (1W): Weakening
ON BALANCE VOLUME
- Mid Term (1D): Weakening
- Macro (1W): Weakening
KEY PRICE AREAS
Resistance: 85, 100, 115
Support: 78 (28D MA), 75, 65 (52W MA)
PREVIOUS ANALYSIS
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.