I am looking at the Litecoin (LTCBTC) chart on the daily time frame and there seems to be something brewing up.
This signal can fail, but it looks like a strong move is on its way... If resistance can break.
- The black line on the chart is MA200. Notice how this line is coming down and now below LTCBTC's price. - Recent break above EMA10 and trading above EMA50, which is a strong resistance. - We have a bullish RSI and the MACD is also n the bullish zone, something most altcoins are laking. - This can be a good profit move, so keep an eye on this. - If enough support is given to this trade idea, I will post a LTCBTC (All exchanges -Binance, Bittrex, Coinbase, BitFinex, Kraken, etc.) trade as well as a highly profitable LTCH19 (BitMEX) trade with leverage.
Thanks a lot for reading.
Namaste.
Comment
Previous Litecoin (LTCH19) trade:
Comment
A closer look at LTCBTC weekly (notice that LTC has been trading above EMA10 since mid-December... This is bullish...)
Comment
You gave me your support and here is our next Litecoin trade as promised:
Comment
For LTCBTC, you can see the targets on the main chart above (purple lines).
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.