- Litecoin upside has been capped at weekly cloud. Overall market sentiment is still holding bullish
- LTC/USD is holding support at 21-EMA, break below could change the near-term equation
- RSI is above 50 levels, but Stochs are sharply lower. Technical indicators are conflicting
- Nevertheless, 'Golden Cross ' formed on the daily charts keeps scope for gains
- Break below 21-EMA will see dip till 70.20 (38.2% Fib) and then 65.78 (50-DMA)
- On the flipside, bounce off 21-EMA and close above 5-DMA accompanied by turn in Stochs and RSI will see resumption of upside
- Scope then for test of 99 levels. Break above weekly cloud base to propel the pair higher
Potential short-liquidation exposure was reported above $85,000 in the week leading up to Oct. 15. A separate cluster near $75,000 has no stated position direction.
Issuance will stay level for about 12 months, then taper to zero over 24 months. Five community-nominated council candidates require confirmation by veHNT holders.
