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Today we are updating our watchlist basket for ETH - NEO- ADA-and LTC. All which have seen significant drops and are considered high market cap coins. Entering in the right positions for these coins could yield very good profits.
1- LTC-BTC:
LTC has recently tested one of the lowest strong weekly support level at 0.0156 and bounced back up significantly to create the pinbar shown on the chart above. Currently on the daily chart, the price had been ranging between 0.018 and 0.020 , any closure above 0.020 is a good indicator for an uptrend
seems that the bearish market for LTC has come to an end
2- NEO-BTC:
on the weekly chart, NEO still has already tested a strong weekly support level at 0.0068 and closed above the slow moving average .
on the daily chart, that touch on the weekly is signalled by a pin bar above the lowest support level, this may as well be a strong indicator that NEO is going back to its uptrend, i would wait for the daily candle to close above the red moving average and confirm before making sure its a real direction upwards
3- ETH-BTC:
Eth has failed to find support at 0.06875 and seems to be going down to the next weekly support at 0.052 level unless it finds a new support level that didn't exist before. not the right time to get into ether and no signs of reversal on the lower time frames
4- ADA-BTC :
ada cardano could not hold at the support level of 2764 satoshis , closed a weekly candle below it and that same level is now being tested as a resistance ( also happens to be the new slow moving average) . odd are that cardano will touch 1415 satoshis unless it was able to close a daily/weekly candle above 2764 satoshis.
Keep an eye on those coins, we will continue to update them until we move into a new basket of watchlists. ! resteem and upvote if you like our content!