Litecoin (LTC) trading cryptocurrency market update for Apr 09, 2019
Apr 10, 2019 --- Altcoins
Litecoin v's Bitocin continues to find some short-term support at the still rising EMA's while all of the other moving averages pick up steam to the upside and multiple levels of dynamic support continue to build below the market, all of which is good news for the bulls moving forward, however SCMR has shifted to neutral for the first time this month on a lackluster candle formation and heavy near-term market structure which is why we are still expecting at least slightly lower prices over the coming days. The overbought momentum oscillators are confirming this outlook, although the support confluence around 0.0xx remains quite attractive so we'll continue to try to get long in that area if given the opportunity.
Medium term Members ProTrade - We will consider a LONG position on a continuation down to the 0.00xxx - 0.00xxx with a stop just below 0.00xxx and a target of 0.00xxx.
Long term Members ProTrade - We will consider a LONG position on a move down to the 0.00xx - 0.00xx area with a stop around 0.000xx and a target of 0.00xx.
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