Litecoin, on range for several days after the rally, finally broke resistance. Next bar could lead to the TP zone. However, ATH will pose resistance too.
MA20 crossed over MA50. You can wait for confirmation of MA50 to cross over MA100 too, although it may be too late.
Check LTCBTC pair too and oscillators.
R/R at 1.26 is not that good, but LTC has shown stability on BTC bearish markets, so it could be a long-term investment too.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
MA20 crossed over MA50. You can wait for confirmation of MA50 to cross over MA100 too, although it may be too late.
Check LTCBTC pair too and oscillators.
R/R at 1.26 is not that good, but LTC has shown stability on BTC bearish markets, so it could be a long-term investment too.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
Note
Trade active since the weekendNote
Market seems overbought, placing Stop-loss/Take-profit according to current conditions.
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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.