- Short term ; Resistance : 0.0103 satoshi & 0.00994 satoshi || Support : 0.00977 satoshi & 0.00963 satoshi .
- Nice break out from symmetrical triangle formation as it's suspected to hit the next resistance of fibonacci line at 0.0103 satoshi.
- Indicators is over extend. i expect a minor consolidation before it resume it's bullish movement as the indicators on positive divergence.
4 hour indicators from top to bottom :
- CCI + EMA : CCI is reach an over extended level as it's ussually mean a pullback is imminent, EMA on bullish zone indicate a good momentum for LTCBTC. both of it made a lower high and higher high as it's a bullish sign for now.
- OBV histogram : show a sign of interest for LTCBTC as the histogram spikes up. meaning a large sum of money flow toward LTCBTC recently.
- ADP : currently on accumulation zone while it's seems overextend and i expect a minor pullback for a while. bullish trend is confirmed once ADP stay above 50 value (median line) for a while.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion, any relation between my posts toward any of your trading decision would be on your own consequence. please feel free to share what your thought on comment section.
peace.