Litecoin, nice entry if daily lower high holds
Updated
The green lines show the daily higher lows on the daily chart. The last two bounces went for 60$ and 80$ gains. On that trajectory we would be looking for a $100 bounce to the $330 levels where there is also some resistance from the down trend in the 320 area. If we get there that is where I will look to exist trade.
We are well above the 50 day moving average and looking for a 10 day/ 20 day bullish crossover.
I have posted on dash and bitcoin with similar charts. For those two I used the 4hr charts which both broke their higher lows on the 4hr but have kept the daily higher lows up to the point of writing this (we are close to testing those). LTC however has kept its higher 4hr lows representing strength over those two.
LTCUSDLTCUSD
I remain long all three.
We are well above the 50 day moving average and looking for a 10 day/ 20 day bullish crossover.
I have posted on dash and bitcoin with similar charts. For those two I used the 4hr charts which both broke their higher lows on the 4hr but have kept the daily higher lows up to the point of writing this (we are close to testing those). LTC however has kept its higher 4hr lows representing strength over those two.
LTCUSDLTCUSDI remain long all three.
Note
Sorry for the uncentered chart. This is a recurrent problem for me. Instead of making duplicate posts for the 4th time in a row I will pretend its on purpose so your imagination can envision the future direction. Lets hope my analysis is better than my presentation!
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.