Litecoin trading (LTC) trading cryptocurrency market update for Mar 15, 2019
Mar 15, 2019 --- Altcoins
LTCBTC continues to look bullish from a weekly perspective considering SCMR is still printing bright green signals while market structure continues to improve, and the current candle formation is quite encouraging heading into the weekend which is all good news for the bulls moving forward. Also note that the EMA's continue to accelerate to the upside, the 100 and 200 SMA's remain in uptrends, strong dynamic support continues to build below the market, and the volume indications remain generally favorable, all suggesting another push higher in the near future. That said, supply area resistance comes into play above 0.015, the Ichimoku Cloud is still bearish, and the momentum oscillators are very close to needing a full recharge, so we think the next leg higher is likely the last one before a legitimate pullback materializes.
Short term Members ProTrade - We will consider a small LONG position on a retracement back down to the 0.0xxx - 0.0xxx area with a stop just below 0.0xxx and a target of 0.0xxx.
Medium term Members ProTrade - We will consider a LONG position on a continuation down to the 0.0xxx - 0.0xxx with a stop just below 0.0xxx and a target of 0.0xxx.
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