Yeah Litecoin! Finally we're getting somwhere.
We've got an obvious Inverse Head & Shoulders going on, and a Bullish Wolfe Wave.
It's already broken above the neckline, but maybe wait to see obvious volume - I'm in already but I'm not always the most conservative trader :)
We've got an obvious Inverse Head & Shoulders going on, and a Bullish Wolfe Wave.
It's already broken above the neckline, but maybe wait to see obvious volume - I'm in already but I'm not always the most conservative trader :)
Note
Bullish AF:Note
Closeup on Inverse Head & Shoulders with thoughts:Note
Giving it another try...Note
Well, bitcoin happened. This is a really dangerous market to trade right now guys, I'm going to be a little more conservative for a while - things seem to be getting into irrational exuberance territory and everything could be pretty unpredictable for a while.Trading anything on margin right now is probably a really bad idea - but hodling is never a bad idea. I'm just making sure to always be 50% in BTC at the very least.
Still analyzing the charts to know what to look for, so I see some more possibilities with LTC - for one it might form a larger Inverse Head & Shoulders:
But too early to tell. Be safe and enjoy these wild times guys, it won't last forever!
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Disclaimer
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.