TradingView
AlanSantana
May 9, 2020 2:07 AM

Litecoin Flashes Bullish Signals Long

BINANCE:LTCBTC240
Litecoin / BitcoinBinance

Description

⋅
Take a look at this chart here, Litecoin (LTCBTC) is flashing multiple bullish signals.

  • We have a Doji yesterday on above-average volume.
  • Prices are now bouncing and we have the "3 White Soldiers" candlestick pattern.
  • Prices are now trading above EMA10.
  • With the Doji, bounce above EMA10, and increasing green volume, this can signal a potential reversal.
  • The RSI is gaining momentum up.
  • The MACD is showing a bullish cross.


These signals are telling me that Litecoin can continue up.

I've marked the main target at MA200, but surely resistance will be strong first at EMA50 (0.005144) before getting there.

Did you not enjoy this post? ...
If you did, remember to hit LIKE for more.

Namaste.

(This is not financial advice)
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisLitecoin (Cryptocurrency)LTCLTCBTCbittrexaltcoinscryptobinancealanmastersCryptocurrency
Comments
thatsblatzphemy
⋅
yup
ezpi
⋅
you would trade against btc on ANYTHING right now?
its not done exploding, and we've just learned very clearly that market signals are meaningless right now.

perhaps after halvening we'll see some normality and TA will mean something again.

i wouldnt bet against BTC with anything right now. ive been trying to short half a dozen times in the last 2 months and only one of them succeeded
AlanSantana
⋅
@ezpi, It isn't betting againts Bitcoin, these altcoins pairs will grow with Bitcoin.

The TOP10 can be an exception but if you look at all the rest and our results you can see that the altcoins will grow.
AlanSantana
⋅
@ezpi, If you look at Binance, Bittrex, KuCoin and other major exchanges, the altcoins are starting to move big.
Mastane
⋅
Close target Ltc ?
I long very Ltc😔
AlanSantana
⋅
@Mastane, Now it is on support.

If support breaks, you close.
If support holds you can keep.
Mastane
⋅
@alanmasters,
Then What time it pump?
Mastane
⋅
@alanmasters,
Thank you.
You are very good 🌹
Betelgeux_
⋅
Hi! how are you? I have followed your LTCBTC analysis in the last months and I ask you: why expect so much from this currency? Thank you! Very good your work
AlanSantana
⋅
@marvanek, Only based on technicals (chart signals).
More