Crypto Green | LTC

The market of cryptocurrencies is getting more exciting especially on Litecoin Chart. The LTC price on the four hours candles chart showed against bitcoin 6742 Satoshi. This prices are way above the resistence line at 6565 Satoshi. The moving average represented in red is far away from the uptrend.

The effective rise of LTC

We have made an analyze yesterday about a possible uptrend of LTC. It has happened on the market this day. The positive evolution on the litecoin market shows the continuous interest of the investors in this project.

The market has many levels of confirmation regarding the growth in value of the token. When we crossed the first level yesterday we concluded of the positive uptrend on the chart.

In this case the candle keep moving up each hour that means we must hold our token and wait for a pull back before any actions.

The investor in LTC found a good opportunity to load theirs bags. The process consists of closing many sells order in the list. When the whales have placed theirs orders at the desire price they have completed the first step to give people an opportunity to buy low. The series of quick close in the orders list generate the large green candle that we found on the chart.

The whales have invested interest in accumulation of the litecoin tokens. The closing of the green candles and the pull back will determine the possible termination of this whales actions.

The period to load some LTC will arrive soon enough in the future when the pull back is confirmed and the news offer upcoming project of interest on the blockchain.

The market volatility must be taken into consideration in all our analyses. The external factors also play a significant role in the change of trend on all the crypto currencies chart.

Disclaimer
My personal opinions are shared on this article. Therefore, I invite my audience to conduct detailed personal researches on the topic before taking any actions.