Chivashon
Long

$LTC - Litecoin Daily Chsrt

BITTREX:LTCBTC   Litecoin / Bitcoin
I consider Litecoin one of the top three currency with Bitcoin and Ethereum regardless of market cap. It has more adoption as a currency then most other altcoins. I look at the BTC pairing here and the monthly and weekly charts are slightly regaining strength but kind of sideways. I hope for a stronger uptrend in the future so I am looking for an entry to start accumulating this coin.

We have come off some support off the lower bollinger band and a prior area of support near 1585910 SATS . the BB% oscillator is showing a positive bounce and trend change and the AC oscillator is heading to cross the zero line. I am looking for a break in the channel with a continued trend on the BB% and the AC oscillator to cross the zero line. Once we have a daily closing candle outside the channel, may look for an entry, though the 20 period moving average may show some resistance, may have to wait for that line to break.

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