## Litecoin Daily (USD)
- Litecoin is doing very great since the rally started. We're currently finding support at the 0.382 Fibonacci retracement from our last bullish movement and are bouncing (again) at the 55 day EMA (blue)
- the RSI shows couple of rejections at the upper reference line and bounced again at the 40 mark, like some weeks before
- the MACD indicates a decreasing bearish Histogram, so we might see a further bounce or a sideways movement 


<h3><sub>[Ctrl + Click here to enlarge the image in a new tab (steemitimages)](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmW59dAVm7gdrC8pYhFTAoQMLhfHvJAjRrUeAsriassVoi/ltcusd.png)</sub></h3>![ltcusd.png](https://cdn.steemitimages.com/DQmW59dAVm7gdrC8pYhFTAoQMLhfHvJAjRrUeAsriassVoi/ltcusd.png)


## Litecoin Daily (BTC)
- despite doing great, Litecoin cannot hold the line against Bitcoin
- we bounced at the last Fibonacci retracement (0.786) from the whole upside movement and found resistance at the 200 day MA (grey) 
- we are approaching the lower reference line on the RSI again and perhaps a bullish divergence will form in the coming period, leading to a potential bounce
- the MACD is also showing a decreasing bearish Histogram


<h3><sub>[Ctrl + Click here to enlarge the image in a new tab (steemitimages)](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmQ4DJqt3MqM9NpJSiY5h4y5SWnpbCBG6Mt4GRyf3s8WVx/ltcbtc.png)</sub></h3>![ltcbtc.png](https://cdn.steemitimages.com/DQmQ4DJqt3MqM9NpJSiY5h4y5SWnpbCBG6Mt4GRyf3s8WVx/ltcbtc.png)


## Moving Averages
##### **<div class="phishy">No complicated indicators, charts, or tools - just two Averages! </div>**



- a short glance at how Litecoin price action was related to just two moving averages: the 21 day EMA (yellow) and the 55 day EMA (blue)
- from the moment we broke the major resistance level at the 200 MA (grey) **and found support above it (very important)**, Litecoin kept growing in price
- now that the 200 MA turned upwards too, our next bigger correction will perhaps make us revisit it


<h3><sub>[Ctrl + Click here to enlarge the image in a new tab (steemitimages)](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmepBuzrbJHvXYN9fEpDa4giknhcowwbJ6fLc7RPTYkRRv/ltcmas.png)</sub></h3>![ltcmas.png](https://cdn.steemitimages.com/DQmepBuzrbJHvXYN9fEpDa4giknhcowwbJ6fLc7RPTYkRRv/ltcmas.png)





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