An Interesting Look at LTC vs It's Long Term Trend Line....

Panjang

Litecoin (BITFINEX:LTCUSD)

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BITFINEX:LTCUSD Litecoin

trendanalysis indicator ltcusd ltcusdt btcusd btc cryptocurrency crypto

LTC is fighting back the bears in a BIG way.....Is this a reversal? Have we broken the bear downward trend? I think it's too early to say that with confidence, BUT all the indicators are there.....a hard bounce off a critical fib support, MCAD crossing bullishly, RSI in a healthy position....time will tell.

Regardless, I think right now is a great time to go long on LTC.

This is not financial advise.

Komen:

Added a bit more to the chart.

Would love to hear you guys' thoughts!

Komen:

Well, I'm happy to say that this trade went exactly as planned.

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