Litecoin has been performing very well over the past few days and we have hit a plateau. Unfortunately for me I missed buying in for those large gains, but have been looking for possible buy ins for the future. We are getting to a point of a possible short term entry here but it will take another day or two to really get an idea on where Litecoin is heading. The Bollinger Bands
are tightening back up, which means volume
is decreasing and may be getting ready for a break, though the direction is uncertain. We are trending closer to the bottom band indicating the first good chance for a buy in, but RSI
is trending down and my 5 day MA is trending down. Though with the news of a Litecoin Cash fork split who are promising coins based on how much LTC you hold, I am unsure how that will affect the current price. Now Litecoin Cash is supposed to roll-out tomorrow, so I am waiting to see how this affects future LTC prices before thinking of any buy in's.
Here Is a link to the split https://www.express.co.uk/finance/city/920027/Litecoin-fork-Litecoin-Cash-hard-fork-crypto-token-spilt-when-will-Litecoin-spilt