CrypticTrading

LTC - the Optimistic View

Long
BITFINEX:LTCUSD   Litecoin
3D chart shows a bit of optimism for LTC from my perspective. Please do your own research, this is not financial advice. Comment and like if you'd like to see updates and hear some thoughts on it.
Comment:

Things are shaping up nicely. 4h macd bullish cross should lead us around top of the head and shoulders and into our longterm bullish trend (hopefully).
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Also should note the bullish divergence in the MacD. It appears hibernation may be over.
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One more thing to note. LTC/ETH has recently broken up out of a falling wedge.
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LTC/BTC looking like a breakout anyday now as well
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LTC has been consolidating for a while now, breakout should start by sunday
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Things still shaping up fine just longer than expected but we're currently in a falling wedge that has spanned since the beginning of May. High probability of breaking upward and completing the triple bottom/inverse head and shoulders and creating the large cup and handle formation. Exciting times

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