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Cryptocurrencies have been extraordinarily bullish this yr, as they maintain pushing to new highs avery month or so. For the time being, a lot of the crypto market is down in comparison with final month’s highs, with BITCOIN buying and selling $10,000 beneath April’s excessive.
Some cryptocurrencies although continues to stay extraordinarily bullish, with ETHEREUM pushing above $3,500 final week. Litecoin is one other cryptocurrency which has been xtremely bullish within the final two weeks and significantly in the previous few days.
LTC/USD
LTC/USD finds itself almost $150 increased in comparison with 2 weeks in the past. The 200 SMA (purple) held effectively as assist in the course of the deep pullback final month, whereas the 20 SMA (grey) has been offering assist on the H4 chart since then, pushing the worth increased. In the present day, patrons broke above final month’s excessive and the worth approached $350. SO the bullish momentum continues right here and we’re greater than $10,000 pips in revenue on this crypto now.
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