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Is trading within a triangle pattern and its about to break the triangle pattern in coming days as in recent days most of the crypto currencies are trading within a confined range. LTCUSD is currently trading above...
I recently added LTC to my portfolio based on two factors
This wedge that i have just discovered
and also this Monthly gaussian channel price placement that i will link
I believe litecoin has proven its place in the crypto space, showing continuous longevity
heres the chart
*Disclaimer* This is just my personal opinion on the market. Please due diligence before investing in highly speculative assets. Not financial advice.
With BTC reaching heavy resistance, we are starting to see a lot of money flow back into altcoins. Litecoin's RSI is currently trending upwards towards the mid-level which has formed a weak bullish divergence....
First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Litecoin looks to be outperforming alot of different cryptos in the entire cryptocurrency and altcoins market. I'm not as bullish on it as I am with BTC, but still quite bullish on it. It looks like to garnish momentum and...
Litecoin is in a long term symmetrical triangle, this pattern is decreasing the price range and volume. Usually symmetrical triangles break within 70% of it's body. We should look closely to this triangle as the price moves, chart is in log scale.
LTCBTC broke bear from the falling wedge, now we have the base of the falling wedge on the monthly time frame as support and buyzone. Bitcoin dominance had a bull break pulling alts down. RSI's are getting pretty much overextended as the prices continues to go lower.
A symmetrical triangle is a very bullish and extremely reliable bullish pattern
This is a good sign seeing this on the BLX chart
Litecoin has a golden cross on the weekly chart, don't sleep on LTC! The good entry point is now!
Best place ever you can catch to Buy Litecoin is the Range between 25-35 dollars per one LTC. I believe the bottom we will have in a few days. It's a strong and stable Cryptocurrency with a bright future! Invest now, take profit later.