After 21 consecutive days, period in which the price of Litecoin has moved in a range between the minimum of 29.82$ and the maximum of 34.67$, has finally found the strength to cross the 20 days MA and to stabilize above it.
In the last 3 days, since the Bullish trend has started on a 1D chart, the price has been increased with 6.37% based on promising trading volumes.
On the other hand, the technical indicators are showing a small contradiction for now, as it follows :
* The RSI is at the level of 53, showing a "neutral" position already for a while, meaning that there is no aggressive movement that we can expect, at least for the short term;
* The Stochastic's crossovers, which were registered on the 27th of January and on the 1st of February, indicated the changes in the price direction each time and now we are about to see a new one coming soon;
* The MACD which has crossed the Signal on the 1st of February and announced the beginning of the bullish trend, is still indicating that the price increase is not over yet.
At this stage, it seems that if the trading volumes will remain at least constant, there is a big probability to see the price having a small "correction", followed by another increase towards the level of 36.93$
In the last 3 days, since the Bullish trend has started on a 1D chart, the price has been increased with 6.37% based on promising trading volumes.
On the other hand, the technical indicators are showing a small contradiction for now, as it follows :
* The RSI is at the level of 53, showing a "neutral" position already for a while, meaning that there is no aggressive movement that we can expect, at least for the short term;
* The Stochastic's crossovers, which were registered on the 27th of January and on the 1st of February, indicated the changes in the price direction each time and now we are about to see a new one coming soon;
* The MACD which has crossed the Signal on the 1st of February and announced the beginning of the bullish trend, is still indicating that the price increase is not over yet.
At this stage, it seems that if the trading volumes will remain at least constant, there is a big probability to see the price having a small "correction", followed by another increase towards the level of 36.93$
Trading ditutup: target tercapai:
the target of 36.93$ has been reached and the trade was closed on profit
