Good afternoon steemians.
This afternoon we have a look at litecoin, at the moment the ltc has a value in usd of 110, at the beginning of December it had a maximum around 416 usd and the minimum in this 2018 has been 101 usd.
Now let's enter our analysis, to see the 4 hour chart we see that we are close to a main support of 110 usd, and on a secondary support at 117 usd.
When observing the indicators the stochastic copper is purchased and the rsi is at an intermediate level, an interesting option would be to wait for the 117usd level to be tested and for the sthocastic to be below 30.
In the 1 hour chart we can clearly see these supports.
The stochastic is in intermediate levels and the rsi also, there could be a descent at any time. the ideal would be to wait until these indicators give us a better signal of entry.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Disclaimer: all my analyzes only show possible scenarios and do not predict the future. Technical analysis gives wrong signals very often and only gives clues to reason about the future development of a financial product. The price often moves in an unpredictable way. Never invest based solely on my predictions, which may be incorrect, and always use a correct money management. I do it for personal interest for free, I am not a financial advisor or the content of this article is presented as financial advice. The information provided in this blog post and any other publication that you make and any accompanying material is for informational purposes only. It should not be considered financial advice or investment of any kind.