Litecoin
Panjang

LTCUSD - Still long on weekly

203
From my last idea about LTCUSD on the weekly:

"Personally, I feel this a valid time to accumulate given the very bullish news around crypto and blockchain technology in general in the last few days. I plan to hold for a while as the ratio is very low vs. BTC , see: COINBASE:LTCBTC . I'm a very firm bull on COINBASE:BTCUSD but also believe that LTC is at a low ratio, and with great signals for a potential trend change vs.USD."

This was while price was at around $58.

Key takeaways now:
  • Stochastic appears to be turning upwards while on a red candle. Means it is hard to push that indicator down at this time.
  • Bounce from bottom BBand.
  • MACD histogram getting really low, potential crossover still.
  • Green 50 Week MA forecasted potential cross above Yellow 100 Week MA in about 6 weeks with current prices.


I still feel like this is an excellent time to accumulate.

Only thing I don't care for is the Stochastic RSI still heading downward, however this indicator is quick to move, so solid bullish movements will correct it quickly.

DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.