Crypto Analysis Report 5-5-18 Litecoin, Next Test Are The Sellers At $180
bitcoin·@rollandthomas·
0.000 HBDCrypto Analysis Report 5-5-18 Litecoin, Next Test Are The Sellers At $180
<center></center> I last wrote about Litecoin on 3/28, in that post I stated, <center>[Crypto Analysis Report 4-18-18 Litecoin Price Formed A Floor At $110...Now What???](https://steemit.com/bitcoin/@rollandthomas/crypto-analysis-report-4-18-18-litecoin-price-formed-a-floor-at-usd110-now-what)</center> The momentum is to the upside now. This upward momentum has been confirmed by RSI breaking through the trendline that was established in mid-Feb. However, as price made its way down from $210, it formed levels where sellers are interested in shorting price. Thus, as price continues to move up, the buyers will battle the sellers at: $160, $180 and $210. <center>CHART BEFORE</center>  <center>CHART AFTER (price is following my projected path currently)</center>  I also mentioned my preferred set-up was to wait until price takes out the sellers at $160 and buy on the pull back as indicated by the orange arrows. The entry would have been at the level between $140 and $150 (yellow rectangle) where there were buy orders sitting (pink arrows signifying buyers). As you can see once price reacted to the sellers at $160, price never got below $140 due to the buyers holding that level.  Whether you are in now or before at a much lower price, the next hurdle are the stack of sell orders at the $180 level. That level represent orders in the middle of the curve (range), so I would expect another pull back...slightly, but ultimate I would suggest taking some profits at $200. $200 represents a psychological level, but also there are sellers at $210. The $210 level represent the origin of sellers who took price all the way down to $110.  This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions. 