Cryptocurrencies resumed the bullish pattern once more this month, after going by a good pullback within the final week of February. Litecoin reversed from $ 154 and elevated to $ 230 over the weekend, whereas BITCOIN broke the earlier highs, growing to $ 62,000.
We opened some purchase foreign exchange alerts in cryptos throughout that pullback and booked some good revenue on them, whereas nonetheless holding the ETHEREUM and Litecoin alerts nonetheless open. Though over the weekend cryptocurrencies retreated again down once more.
However, the retreat appears weaker than the one in February and our crypto commerce alerts are nonetheless in revenue. Apart from that, is could be over as properly now that the transferring averages are offering assist on the H4 chart. For LITECOIN , the 200 SMA (purple) is performing as assist immediately, whereas the 50 SMA (yellow) can also be serving to. It looks like the worth is bouncing larger from there, so we’re holding onto our alerts in Ethereum and in Litecoin.