koryu
Long

Golden Cross LTC/BTC

BTCE:LTCBTC   Litecoin / Bitcoin
680 15 8
Next leg incoming, defend ma200
Comment: Good job, we have defended the ma200, wait for triangle breakout now, see comments
Comment: we have a golden cross now and a nice spike with it :-)
but hard to guess the top
Comment: once we break the ema50 daily, its another buy signal for ltc. looks good. then its time to get back in for those who sold the local top on golden cross. must make new high on 4h 0.0086
Thanks for bringing this to attention.
+1 Reply
Great call, whats the next target level. (sorry I double commented)
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koryu PRO Justlite
It's not easy to say, i think 0.012 to 0.0167, ma200d must hold for this bullish scenario, 0.0085 is the key
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snapshot


ma200 support is holding for now
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snapshot


keep an eye on this triangle
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snapshot

Breakout of the pennant up, now testing the support. It's possible that it forms the purple channel now. Below the lower purple line we have to be careful.
Golden cross is coming closer with each day.
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And now we must be carefuly? )
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koryu PRO AndreyDrogal
a little bit but there this is support from the lower blue line of triangle. i am still long from 0.077 and 0.083. I expect a local top when ma50 and ma200 cross on daily.
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IMO golden crosses are s*** in crypto
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koryu PRO spinte7
I use moving averages a lot in crypto, they help me to spot trend reversals after long sideways phases.
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ithixi koryu
Wondering why China is already bouncing its head at the 0.01 line, while polo is still chilling at 0.009.
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china ltc/btc has gone down, too. ltc is lagging a bit behind btc right now. but 4h stoch rsi is reset for ltc while btc 4h stoch rsi had no correction. with the next leg ltc should break 0.01 I am confident.
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snapshot

LTC is a bit tricky right now. Most important is that support 0.0085 is holding for now and EMA 50, which was the resistance in accumulation phase, is now coming closer to the price and should also be support. when it breaks below 0.0085 and EMA50 one has to decide if the rally is over or if its just a trap to scare you out.
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The end of the "to the moon".
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koryu PRO AndreyDrogal
not sure yet, this one is tricky
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