CRYPTANALYSIS - HOUSE VIEW ON KEY ALTCOINS

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16.TECHNICAL ANALYSIS: LTCUSD (Published: 05th Jul, 2017)
The price of LTC/USD has surpassed the strong resistance level at around $46 and a clear uptrend was formed. However, recently there was a gap jump and the RSI indicators was showing an overbought signal, meaning that there should be a correction after the such huge surge. Nevertheless, as the volume in Chinese exchanges were rising significantly, the price could be pushed further upwards and the correction might be small. Therefore, a safe choice would be placing an entry around the $50 level, where the price flattened after the first rally. 

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