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EXCAVO
Feb 17, 2020 4:42 PM

LTC/BTC Long

Litecoin / BitcoinBinance

Description

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.

Comment

LTCUSD
Comments
spmuppar
What should be the stop loss ? I entered the trade
UnknownUnicorn6653705
Bitcoin is bullish again! This idea below explains why:
UnknownUnicorn6653705
@WilliamLockhart,
EveryWidget
Many thanks!
Boss_Coyote
Huge bottom wicks on the last three days .. monster buy pressure
UnknownUnicorn6061584
resourceful idea
ltc just about to break the resistance of descending channel
UnknownUnicorn6047038
your idea is good) we see a bearish flag at litecoin
Datascientist
Great analysis
ProjectSyndicate
btcusd best level to buy 30%+ gains (NEW).
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