MajklDaky

Litecoin Current Situation

Kort
MajklDaky Uppdaterad   
KRAKEN:LTCEUR   Litecoin / Euro
Price has moved above the cloud indicating upward movement. DMI and RSI both support upward movement. If Tenkan-sen line crosses the cloud and ADX line of DMI moves above 20 points it will further confirm upward movement and price should continue up to 49 EUR level - last resistance zone. If it breaks 49 and 50 level, next resistance level is at 61 EUR.
Kommentera:

RSI above 70 points indicates overbuy and can lead to some sell off soon to stabilize. However Tenkan-sen has moved above the cloud and DMI ADX is still strong. Trend should stay bullish and we should approach 49 EUR resistance level.
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