Cryptocurrencies resumed the bullish pattern once more this month, after going via an honest pullback within the final week of February. Litecoin reversed from $ 154 and elevated to $ 230 over the weekend, whereas BITCOIN broke the earlier highs, rising to $ 62,000.
We opened some purchase foreign exchange alerts in cryptos throughout that pullback and booked some good revenue on them, whereas nonetheless conserving 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 is likely to be over as effectively now that the shifting averages are offering help on the H4 chart. For LITECOIN , the 200 SMA (purple) is performing as help right this moment, whereas the 50 SMA (yellow) can be serving to. It looks as if the worth is bouncing greater from there, so we’re holding onto our alerts in Ethereum and in Litecoin.