Daily Crypto Technical Analysis: Litecoin recovered yesterday along with the rest of the altcoin market. LTC bounced after hitting lows from January of this year and is stuck on the 23.6% fib retracement level. Next resistance lies above at the 38.2% level where there is also a resistance line from around 209-220. MACD indicator showed the MACD line cross above the signal line yesterday meaning that an uptrend could be forming. 14-period RSI fell well below 30, but is now coming up to peak at 53. If the market continues to climb, so will Litecoin, and they will have to test multiple levels of resistance. But, a break in these levels could mean strong support in the future.
Just before the scheduled shutdown at 12:01 am on Sunday, Congress voted to extend the deadline for another 45 days. Yields jumped higher to above 5.1% which has remained elevated for some time. As we enter an historically bullish month for the indices, here are some setups on dollar, gold and index setups EdgeFinder Analysis […]
GDP numbers came in lower than expected in the US, marking the third straight drop in economic output. This is usually good news for the stock market indices and gold, however, bond yields continue to hold up above 5.1%. Here are some potential trade setups for both dollar and index longs depending on how the […]
Hi, I’m Nick! I am the founder of A1 Trading, market analyst, YouTuber, and creator of the EdgeFinder software tool. I caught a huge winner on USoil with the help of the EdgeFinder! In this article, I’ll walk you through my thought process behind the trade and how I found this crazy runner! Finding My […]
