A strong case for a LTC rally for COINBASE:LTCBTC by jbutler7

trendanalysis chartpattern indicator ltcbtc ltc ltcusd crypto cryptocurrencies cryptos litecoin bitcoin

I haven't touched this chart I made months ago. Just looking at this is self explanatory.
Approaching a long term upward trend line. (a break down would obvs be bad, but all of a sudden everyone is friends on twitter because of today's pumps, so rn I'm guessing thee's hoards of LTC buyers on the horizon)
There's plenty of room for upward movement on the MACD on this chart, already showing some signs of recovery and shooting back up to .02 LTCBTC.
Not much else to say.

Comment:

Well that hasn't turned out quite like I expected. I'm not sure how strong that upward trend line is because it was connected by two lower wicks on only two highly volatile candles as opposed to 3 or more.
RSI is still weak but looks to be bottoming out maybe, but still hasn't ever hit oversold since March 2017. If it does get there or near there, a strong rally will ensue. Plan to buy the dips here heavily and flip into BTC near new highs.

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.