BTC Illiquid Supply Ratio has taken yet another leg up. LTC and BNB Analysis

in LeoFinance3 years ago

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Bitcoin again trying to hold above $42,000 level. Today is the weekly candle close and a close above $41,000 is bullish. The monthly candle also give bullish engulfing. BTC hold above the daily 100 MA which is also a bullish sign.

Market is turning Bullish and we may see a good pump after BTC cross the $43,000. The next major resistance area is $45,000 and $48,000.

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Illiquid Supply Ratio has taken yet another leg up.

Bitcoin "supply shock" is now at levels that previously priced Bitcoin at $53K.


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BNB break the major resistance zone of $340 and now trading above it. Wait for more confirmation here this could be a fakeout also. We will see some volatility in market because of Sunday.


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LTC now at the major resistance zone of $148-$150. LTC need to break this resistance level to turn bullish otherwise we will see a retest of the $130-$135 support zone. Wait for the breakout of the resistance zone.

Source


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