MoHODLs

A bullish case for Litecoin - LTC/BTC

Long
BITSTAMP:LTCBTC   Litecoin / Bitcoin
Hey all,

Hope everyone is staying safe.

First thing to note is that this is still a little early to enter.

Pros:

RSI - Breaking out and gaining momentum
PA - Appears to be forming a Inverse head and shoulders
EMA's - Appears to be holding and 55 will cross ema's

Cons:

PA - Hasn't made a higher low / higher high yet

Thoughts:

Ema's are getting closer to price while RSI is gaining momentum on this downtrend. Everything is falling into place, however I would remain patient for confirmation.

I think a breakout is coming real soon for LTC/ BTC in my humble opinion. After the breakout, I would most likely buy EMA's as they are a good place to buy on an uptrend on high time frames.



This is solely for documentation purposes, and not financial advice.

Stay safe, much love

Comments