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Back in December and January we have been bearish cryptocurrencies and all of our targets have been achieved. I believe that a bullish wave as a very strong bounce will soon come for the cryptocurrencies we monitor. Below I point out the price levels that need to be broken for this positive scenario to come true.
Bulls must break above the green downward sloping trend line resistance. Break it and we can see BTCUSD back near 12k.
First important resistance that bulls must break is at 431$…but the most important one is at 474$ where we find the downward sloping trend line resistance. Break it and we can bounce towards 800$
Bulls must break above 0.55-0.57$ for a possible bounce towards 1-1.20$…key support is at 0.45$.
If trend changes in cryptoland and LTC/USD breaks above the downward sloping black trend line resistance (172$) we could even see new all time highs in Litecoin.
Thank you for taking the time to catch up on my thinking.