Our LTC chart is quite similar to the signals we saw on our BTC price analysis in that we have the price moving down an ascending channel that has respected the .236 fib level very nicely.
We can see that only 1 candle over the past 6 days was able to go below that level and it was immediately bought back up.
Additionally we see the Stochastic is in bullish motion after the cross it underwent ~2 days ago.
The signal line has almost formed a bullish cross on the TRIX as well
Finally, we see the curling on the DIs happening in a bullish fashion although the ADX is still indicating a strong trend. We want to see the ADX stay strong as the DIs close in and move towards a bull cross themselves.
Extension possible to 0.382 - 0.5
Watch for an upside break in the descending channel.
We can see that only 1 candle over the past 6 days was able to go below that level and it was immediately bought back up.
Additionally we see the Stochastic is in bullish motion after the cross it underwent ~2 days ago.
The signal line has almost formed a bullish cross on the TRIX as well
Finally, we see the curling on the DIs happening in a bullish fashion although the ADX is still indicating a strong trend. We want to see the ADX stay strong as the DIs close in and move towards a bull cross themselves.
Extension possible to 0.382 - 0.5
Watch for an upside break in the descending channel.
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy