tonyg99

Is LTC in an accumulation zone?

BITFINEX:LTCBTC   Litecoin / Bitcoin
* Trading sideways against BTC in pennant pattern on low volume for the last 3 weeks
* Price at 50-day EMA
* 200-day EMA shows consistent linear upwards trend
* Shrinking volatility on Bollinger (20)
* No meaningful signals from RSI

Next steps:

* Await volume spike to determine breakout direction
Nice! I'm hoping for upward. This could be awesome
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tonyg99 EtherSwinger
@EtherSwinger, Thanks! I'm hoping for upwards too!

But just to be clear, I'm pretty new to Technical Analysis and this is a homework assignment for a class I'm taking, so take it with a BIG grain of salt!
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