Lightcoin LTC/BTC
LTC saw a blow off top and continuation upwards. It is approaching critical resistance. A confirmation, with volume, above .048 would be bullish. All eyes are on Lightcoin and the volume has been good. If holds on spot could see .0148 and from there test .015 to .0154.
CURRENT DATA:
- 8-hour looks like it is forming a hanging man. Not liking that.
- Break of resistance would target .014
- Strong support on downside is .011
- Not quite overbought
- 3-hour, all EMA's are holding well
- Crossing below overbought area would be indication to sell as LTC would be moving towards neutral zone.
DAILY TIME FRAME
- Looks more bullish
- If 1400 holds this is good support
RECENT MARKET BOTTOM TO LOCAL TOP
- .01364 to .0135
- Overextended at .0138 on Bitmex
- Overbought on 3-hour
- Liquidity accumulation zone would be .0135 to 2% lower
TRON/BTC #TRX
Tron blasted through two supports and currently sits at 566 (.00000566).
- Would like to see daily close above the 641 which could range to 857.
- 3-day is not signaling oversold volume. A buy signal has not occurred.
- Holding support would be 605
- There is some consolidation at support which indicates accumulation or potential breakdown.
DAILY TIME FRAME
- Seeing Bullish Divergence
- About to close above zero line
- Above 641 would be buying zone
- Bull Targets Range: 630, 650, 748
- Break above 748 with volume would then target 850 range
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SOURCE: Cracking Crypto
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