jbutler7

LTCBTC looking strong

COINBASE:LTCBTC   Litecoin / Bitcoin
This will be a relatively short analysis.

Notice the Inv H&S , with the bottom of the head having bounced off of strong support (pink line) and the following breakout above. Still going in an upward trend. RSI looking bullish . Zooming out to the weekly also makes me incredibly optimistic. LTCUSD could still go down, but against BTC it is looking quite strong. Although, if BTC drops I fear that LTC will drop harder, invalidating these patterns.
Comment: Oh, I forgot to mention that it has crossed above the 50d EMA a while ago. This is also looking bullish as it maintains above it, seeing it was resistance for quite a while, similar to LTCUSD's 50d EMA.
Comment: WELP that went better than expected XD

I think the fractal that changed this the most was not drawn here, but I see we broke above an ascending triangle today.
3d and weekly look fantastic I really have no idea why so many people calling new lows
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