JacobR905

LTC about to takeoff against BTC!!!

Long
BINANCE:LTCBTC   Litecoin / Bitcoin
Litecoin has been getting held down heavy with this downtrend resistance and today we are seeing a big push up and through this resistance, we could be seeing the start of LTC really starting to regain its value against bitcoin . We got a very nice bounce with the MACD our blue MA is pushing higher and starting to separate away from the orange which is a very positive sign for a nice little run. We could see our histogram start another cycle of bullish bars after we saw a pretty brutal 3 cycle bearish histogram recently. We are upcoming on a very key pivot point where we could see a flip to the bulls side, we have to make sure we secure this PP and are able to hold onto it before i could really say we are seeing a full reversal. On the very positive side we are looking at the bollinger bands and we are very close to that top band which 99.9% of the time is a very bullish sign. if we can push up into the top band we have a high chance of taking that top band for a decent ride to the upside most likely smashing us right through that pivot point and probably upto that first resistance level , i think we are going to have a bit of a slow rest of the month for crypto and mostly altcoins but i believe we could be seeing the start of the build up before we see our next leg up, which i personally think could happen in august. Not financial advice just my opinion!

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