EXCAVO

LTC/BTC

Long
EXCAVO Updated   
BINANCE:LTCBTC   Litecoin / Bitcoin
Hi friends, I want to show a very strong bullish signal in Daily chart for Litecoin. I think you are familiar with such a definition as the Golden Cross.
Golden Cross - If a 50-day moving average crosses a 200-day moving average, this is a sign of an emerging bullish trend.
Many traders often use the intersection of moving averages (MA) in their practice as a signal to enter a trade. Such an intersection is called the Golden Cross.
However, moving averages have one very bad property - they are late for the price. It happens that the movement is already ending, and moving averages only intersect.
In General, the market looks very good and I expect the movement to continue, especially for those coins that are in the top 30 by capitalization, why these coins, everything is simple for a big player it is possible to invest a relatively large capital in coins with a live market, with a large capitalization, good trading volume, where there are many players. And if you have seen my previous analyse, I said that Litecoin will fly.
I see more potential for growth, especially since the Golden cross is coming soon.
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LTCUSD

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