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)
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)