Looks like LTC might be gaining some levels and starting on an uptrend. We recently broke out of a 6 month downtrend, and I see what looks like a capitulation candle on the Day chart.
Could be seeing some moves up from here. If we can hold on the trend line going up or making a higher low at the very least, this may be the start of the long accumulation phase of steady growth before the boom.
Could be seeing some moves up from here. If we can hold on the trend line going up or making a higher low at the very least, this may be the start of the long accumulation phase of steady growth before the boom.
Comment:
See the 'Related Ideas' section for a bigger picture of price movements which could also support this move up. My accumulation phase here looks like it was just short and not wide enough, but the blue box is the exact length of time the last accumulation phase from nov 2018 - feb 2019.
