13 we've been hitting some of those overhead targets, and i just wanted to follow up with some more here. You know guys. This is an exciting area for litecoin we're approaching almost a hundred dollars, and if we can close today up above 84, 44, a daily candle close that may give us enough room to get up there to that 101 that's. Basically, the gap that we'd be looking at right now, there's a little bit of chop in here, but for the most part we fell so hard and aggressively to the downside a lot of times you can make that up on this side, the rsi right now sitting At about 76, so i do believe that we still potentially could have enough room to maybe even hit that hundred dollars if we can have a daily candle close up above that, we'll call it 85. But what we also have to be aware of is bitcoin bitcoin, as we know, we've talked about is very overextended still pushing up for more. I think it's getting close to about 19 000 right now, but we have to be careful because when profit starts getting taken from bitcoin, sometimes the markets can get spooked a little bit once they start to see that retracement and then some of the all coins can Still sell off a little bit before money will get transferred into the alt coins and then they pump. So you still want to be careful up in this area, but you know litecoin when it gets aggressive.
It gets aggressive. As we know, you can see these big swells of volume coming in. So what i like to do is look at these overhead resistance area. This would be a really big one guys. We have not been over this price since february. 14Th. 2020 was the last time we got up to around that 85 dollars, so we just want to continue to see that big swell of volume. What we also have on the one day time frame. We have all these golden crosses that are taking place. So typically, some people say golden cross is the 50 crossing up through the 200 moving average, but from all the books that i've read it's. Basically, when that shorter term moving average, it moves up through that longer term, moving average and that's. What we have here, we have our 20 going up through the 200. We have our 50 going up through, we have the 100 going through, and then we have that 200 gaining some strength and starting to round out here so things for litecoin guys. You know when it gets moving that's why we were doing those videos back in here when litecoin was like 45 50 bucks. I was trying to warn people about this, and everyone was saying you know litecoin sucks and this and that, but this is what happens with litecoin. It gets in those parabolic curves, and i also before i go on here guys if you get some from these videos – and you appreciate me covering litecoin.
Let me know down below i'm gon na try for 400 likes on this video. We haven't hit 400 likes and i don't know how long so let's see if we can get there. If you guys appreciate what we do here, i try to bring it to you without any type of emotion. You know not don't jump don't jump in or you know, for a thousand dollars jump in hurry up you got to get in there like one's, going to a thousand dollars is what i meant, but you know i don't want to do that for you. We just want to take the price action day by day, and this is where we still have to be cautious in these areas as we're trying to get up there and that's. Why i like to wait for daily candle closes and kind of see where we're at you don't want to just jump in after we've? Had long extensions like we've talked about in bitcoin, because you're always going to get those deep retracements, the market always has to breathe, and what i like to do is look at those retracements. So we'll take our price ranges so, typically, when we get them, they are about 12 percent. To the downside, 10, 12. 15 to the downside, then we get moving again it's all about making those higher highs and higher lows. Now, if we take a look at litecoin in terms of the technicals on the one day, time frame right here, you're starting to see the oscillators cool down a little bit, we have a four cell.
Five neutral 19 by our relative strength is a cell because it's past that 70 it's at 76, but as we know in cryptocurrency, it can push up into the 80s in the low 90s the stocks at 91 it's a sell commodity. Con. Excuse me, commodity channel index is gon na, be a sell, awesome oscillator, a buy momentum cell macd level of buy so we're getting a lot of mixed signals in here. You can see four cell four neutral and a three by if we go out to the one week. The oscillator is going to be a little bit more neutral to sell 7 neutral 2 by overall summary, 2 cell 8 neutral and an 18 by, and what a lot of people like to do, and i like to do it myself, i like to wait on the One day, time frame because in cryptocurrency we get those big swells. Those big moves to the upside that sometimes don't even make sense. But one of the best things to do is stay in your position. Until you start having daily candle closes below that 20 ema and that's, if you're a shorter term trader like a swing trader, you know, if you're a longer term investor you want to look at that 200 moving average. We want to stay up above that, but for shorter term you can even see back here when we had our last retracement we didn't have daily candle closes below our 20 ema.
We had those long wicks and then we pushed up again. Then we found support again off it. So a lot of times i like stay in that position. Until we start having candle closes below that, and then you can start getting some warning signs. You can look down to the 50 moving average, but there's all different types of tricks. You can do when you learn this stuff and study and right now, litecoin is at 85.48 guys and it's been a heck of a move. So just be cautious, be careful. You can see it's been a very powerful move if litecoin. If the bulls keep going, we might have target up there around 100. It could get it could get wild over the weekend. So let's just watch bitcoin as well see what bitcoins gon na do as it approaches. Nineteen thousand, if you get something from this guys, don't forget to like subscribe, hit that notification bell.