TonyTheBullSeverino
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TonyTheBullSeverino
Chartered Market Technician. Cycles, crowds, psychology. I don’t predict — I observe structure. Less noise. More signal.
833Posts
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183%Best ROI
Joined on 15th November 2024
Boston, MA
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Litecoin Update: Part One
A large portion of my Slice followers are fans of Litecoin and are likely awaiting an update from me
The first chart is showing us the importance of resistance at around $135-137, where the monthly SuperTrend and Parabolic SAR are converging. I’ve been referring to this as ”final boss resistance”
The second and third charts show Litecoin attempting to hold various key levels
The second shows LTCUSD monthly above the Bollinger Band basis. This is critical to hold at the monthly close.
The third shows LTCUSD attempting to hold above the Tenkan Sen and Kijun Sen - two components of the Ichimoku.
Holding these levels is required to stay bullish. Breaking final boss resistance is the signal we are on our way to new ATHs. If things change, I will continue to reassess.
