The market begins to recover from the hand of Bitcoin and its momentum has been a shift back to the market to change the sentiment bearish for one, bullish in general. With so many altcoins and important bridges to increase flow of capital, many actors in the ecosystem take advantage of getting good time. It is the case of Litecoin, the criptomoneda of silver proposed by Charlie Lee, which at the root of the false news on their financial situation and lack of support towards their project, had generated uncertainty in the domestic market of LTC crumbling dangerously at the level of the unwanted price last April, just before the end of the Crypto winter. At the time of writing, the LTC is trading at a spot price of $67,26 with a recovery of +1.80% in the last 24 hours, occupying the fifth spot in the overall rankings. Quote spot of Litecoin on CoinMarketCap Litecoin the graph 1D presents us with a picture quite interesting. The crossing of death among indicators EMA @ 50 days and EMA @ 200 days point to a bullish trend in the medium term that could trigger a recovery in prices to levels of three digits, as we can see in the chart for R1, R2 and R3. Analysis of the graph of the Litecoin 1D The pair LTCUSD entered in a rally upward after the wedge is generated between the months April and may, 2019, at levels of $60 and $66 per unit after reaching maximum temporary $98,2, to discuss what had been seen, that was a rally amazing of rises in prices up to higher levels to R3 $160 in its maximum expression. Now the couple LTCUSD could experience a new behavior similar to that which occurred between the months of may and June, following the decline that was brought to the altcoin between the months of July and August, where it has found a key support in the threshold of $60. If LTC manages to stay above this line, for those investors who have gained the wisdom to enter and accumulate in the area of $60 , could see a high return of up to x3 for the next few months of the altcoin.
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Technical indicators in Litecoin
For the chart 1H the pair LTCUSD indicator Aroon points out to us that the entry of bears into the market will have a delay for the next 12 hours, preaching the good time of the altcoin. Chaikin Money Flow, for its part, indicates that the increase in the flow of capital to the ecosystem of LTC is becoming evident as prices are sustained uptrend. Finally, the RSI for its part points out to us that the buying pressure increases steadily as the bulls take control of the market. Analysis of the graph of the Litecoin 1H The following two tabs change content below. Engineer and passionate about technology, Blockchain and the Bitcoin since 2009.