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LTC/USD Waiting for a confirmation

HomeAnalysis — LTC/USD Waiting for a confirmation

LTC/USD

 

WAITING FOR A CONFIRMATION

 

#LTC/USD has significantly dropped from 56$ to find a bottom around 22$ by the last 2 months. (about -60%)

 

#Even tho LTC/USD played between 56$ to 22$, the pair formed a range.

Which is : TOP = 34$, BOTTOM = 27.5$

 

GRAPH :

Charlie Lee, Litecoin’s (LTC) creator, declared that he will focus on making the major cryptocurrency more fungible in a tweet Jan. 28.

Lee stated in the tweet that “fungibility is the only property of sound money that is missing from Bitcoin & Litecoin,” adding that “the next battleground will be on fungibility and privacy.”

The tweet’s conclusion is that the developer wants to zero in on implementing private transactions in Litecoin, stating:

“I am now focused on making Litecoin more fungible by adding Confidential Transactions.”

In reply to another tweet in the same thread, Lee explained that confidential transactions could be added to Litecoin through a soft fork. A soft fork is a modification made in a cryptocurrency’s source code that doesn’t lead to the division of blockchain, as happens with a hard fork.

Lee also noted in the same thread that the update would be implemented “sometime in 2019.”

I’M ACTUALLY WAITING FOR A CONFIRMATION OF BTC

IF BTC/USD STAY ABOVE 3350$ THEN THE TRADE WILL BE VALID.

ACTION TO TAKE : TRADE IT .

HOW ?

As usual i’d recommend you to trade the breakout of the resistance.

however you can still buy the support between 28$ to 29.5$, with 27.5$ as a stop loss

if it close 4h below the stop-loss then move the buy zone to the major support which is 22$

BITCOIN מלשון ביטחון

BTCSMARTCONSULTING@GMAIL.COM

Mena’hem Mendel Sultan