Cryptocurrencies have been extraordinarily bullish this yr, as they hold pushing to new highs avery month or so. In the meanwhile, a lot of the crypto market is down in comparison with final month’s highs, with BITCOIN buying and selling $10,000 under 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 notably in the previous few days.
LTC/USD finds itself practically $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 value increased. Right this moment, patrons broke above final month’s excessive and the value approached $350. SO the bullish momentum continues right here and we’re greater than $10,000 pips in revenue on this crypto now.