LTCUSD (Litecoin) – Week 21 – Watch the decision zone
Blockchain analytics firm, Glassnode noted a dramatic hike in the number of active Litecoin addresses since the beginning of 2021, indicating a rising demand for the crypto-silver. A very similar pattern was observed with Ethereum in terms of the number of active addresses compared to LTC.
Technically, same as Ethereum, we broke the blue trendline and we find ourselves in a downtrend on the bigger timeframe. On the smaller timeframe (4h) we see a move to the upside to reach the resistance area marked on the chart.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, same as Ethereum, we broke the blue trendline and we find ourselves in a downtrend on the bigger timeframe. On the smaller timeframe (4h) we see a move to the upside to reach the resistance area marked on the chart.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.