support zone for LTC/ETH

support zone for LTC/ETH LTC is stronger than ETH since 2018 Feb

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PRICE ACTION LTC closed below the bearish threshold in a big way; down over 10% at time of publishing. Unless a lot of bullish capital comes in over the next 90 minutes; the current price also invalidates the hidden bullish divergence that was forming on the 4H chart. Looking at the 1W chart, it shows that this $75-$80 range was supportive for a few weeks back in June 2018. However, looking at the weekly volume; it is reasonable to believe that bears have not put a lot of force into turning the price (yet...?). If this current area fails; look for support @ $70 which is currently where the 28D MA is; and closely below is the 52W MA @ $68. This area also acted as resistance in September 2018; so it will be interesting to see whether it returns to a support role on any future test. OPEN INTERESTS (BITFINEX) Long: 1.36 Days Short: 0.65 Days RELATIVE STRENGTHS Micro (5m): Weak Short Term (4h): Weak Mid Term (1D): Weakening Macro (1W): Weakening ON BALANCE VOLUME Mid Term (1D): Higher Macro (1W): ATH KEY PRICE AREAS Resistance: 100, 145, 175 Support: 80, 70 (28D MA), 68 (52W MA) PREVIOUS ANALYSIS 2019-04-10 2019-04-09 2019-04-08 2019-04-07 2019-03-18


LTC is getting stronger compare to EOS


- Same jumping pattern since the bottom. - A jump is ~25 days in length. We are ~10 days into last jump. - Before breaking $100, higher possibility of visiting $70 area. - 55 day EMA acts like a jumping point. Last jump might dip its head a bit lower. - Traders are flocking into not-yet-popped coins. Less attention, less energy.

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