smilingllama

Litecoin - Heikin Ashi, trend analysis

Long
COINBASE:LTCEUR   LTC/EUR
Looking at the LTC chart with Heikin Ashi candlestick pattern, we can see the trend much clearer, and things are looking good with a strong uptrend, all green candlesticks with high wicks, which indicates the trend is currently strong.

However, I don't think we are completely out of the down trend just yet, price needs to make a higher high on the daily before i'm convinced, and that is shown by the first red line.

I do think we have a good chance of continuing up to this red line though, and taking profits here would probably be something to think about.

(this is not financial advice)

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