So we have the pressure to get up through that overhead resistance, but what it's going to take is volume that's really what I'm looking for now is to see if a whale or a person with a good amount of money is going to step in right here And push us to the upside, so we can get over that '54 and come up here and try a tackle 42.49. If we can get up above 40 to 41, then we have some room to run up to about 48 dollars, so we're gon na see if we can get through this. But you have to look at this almost as a squeezing effect we're having higher lows coming in and we almost have this flat top. We have one touch here. Two three four five different touches right here, so this is going to be the area that I'm going to look at for resistance. Then the next area off the real body candles, would be that 42 26, so we're gon na see if we can get a pop up through that. But what we have to remember is we have to watch Bitcoin watch my Bitcoin video that I output up here for you all but it's important, that we pay attention to Bitcoin and base our moves off. What bitcoins going to be doing that's gon na be extremely important for us, but in terms of litecoin itself, you're, looking at on the four hour time frame here, we're paying attention to you can see a trend line.
Break that did happen out of here came on a little bit more volume, but not a lot. I want to see a big big stick of volume. This was a trend line that I had on the one hour time frame when I was looking at in trading, but I think that's definitely something we do need to pay attention to here is this break. We need to see if it can continue to get us out of there, because that would also coincide with that potential. Ascending triangle that we're dealing with and remember guys, an ascending triangle or any of these patterns until you have complete confirmation, it's it's, just all speculative. So that's, what you're trying to do here is put the odds in your favor. Looking at things, you're saying: okay, what's, the volume looking like the volumes low right now so we're waiting for that volume. If it's to the downside, then you know it could get aggressive to the downside, but if it's to the upside we could have some room to run because of how far and how fast we fell down in this area here and now, we're looking to see, if Is this some type of accumulation zone here? Is this just some type of reaction that's going to set another lower high and then we're going to have another dump down so that's? What you have to pay attention to and why I'm paying attention to this trendline here and we're going to see if we have enough strength to get up through this area, then guys, if you get something from these videos and you like me, covering litecoin you're, the Litecoin family here smash that, like button subscribe, hit that notification bell I'm great to be here with you all today, but you know you're looking at that resistance of 40, and we really desperately need to get up above that.
This is the time when the volume really needs to come in, and I like that. We are trading up above the moving averages again so it's nice they're not pressing down on us, but we need to continue to hold them. So we have our 20. We have our 40, we have our 50 and then we have our 200 that's all the way up here, which would be my next target if we really get a strong move to the upside out of here on big volume, and we can get over. Excuse me this forty one, seventy two: I would target that 200 moving average on the four hour timeframe and that would be around fifty three dollars, so you know things if they do get aggressive to the upside, they could get aggressive very fast, and you know how This space is bitcoin and litecoin it's difficult because you have to plan for these things a lot of the times and pick a direction and then put your stop loss in because the candles are so aggressive. So fast, a lot of the times. You'Ll have a thousand dollar Bitcoin candle and it happens in a five minute: candle it's, just that's. How it is you know it will move a thousand dollars in five minutes and all of a sudden, you just shoot there's the candle to the upside or to the downside. You can see these candles just like this, where we went from 43 dollars all the way down to 31 dollars, that's a massive candle to the downside that we had.
So these are things that I'm paying attention to right now. Is this going to be a true trendline break? We need more volume with the green here. Are we gon na continue to hold these higher lows? Can we break up above ', 54 and I'm just trying to put the odds in my favor and calculating and saying? Okay, what's the stock RSI, looking like right here, we had a nice bullish cross with a bullish engulfing candle, so that was good. What was lacking, though, was the volume I'm not impressed with the volume. Next, we look at our relative strength, relative strengths at 56. Right now you can see just kind of cruising, almost a little bit more neutral. We do have higher loads coming in there. Then. I want to take a look at our MACD we'll pull this up MACD. You can see the histogram moving positive we're about to get a bullish, MACD cross there. So maybe that will be enough to get us over top of that 40. But in this space guys you can't take anything for granted that's. You know I don't have a wizard's hat, I don't have a crystal ball and I don't think anybody else does. What you have to do is go off the tacticals and the technicals are showing you the buying and the selling and that's, where you're able to calculate these things and try to put the odds in your favor and protect yourself as well always have an upside and The downside plan just like this: if this fails and we have a trend line break and we lose 35, things could get ugly, pretty quick, so that's also an area that I'm going to be looking at, but you know guys I didn't want to spend too much Time here and I just wanted to do a quick one for if you like these quick videos, let me know down low.
I don't like to you, know, mess around or take too much time for people times very valuable and some you can't buy, and I want you to learn as much as possible. So if you like me doing shorter videos like that covering them, and you know you get something out of it, let me know down low.