Litecoin going up
Chikou upcrossed the price earlier and is still trending upwards. Room for price to run. This is confirmed by the Kijun sen under the price, and the 50 day EMA also acting as support now.
Tenkan Sen indicates market still accumulating with a trend picking up. This is confirmed by the strength of trend we see on the ADX at 25.
Senkou Span A&B are both acting as well defined support with relatively low volatility.
The overall price is in a bearish pennant and it it doesn't break to the upside of the resistance, price could fall down later to the .236 Fib lines
Tenkan Sen indicates market still accumulating with a trend picking up. This is confirmed by the strength of trend we see on the ADX at 25.
Senkou Span A&B are both acting as well defined support with relatively low volatility.
The overall price is in a bearish pennant and it it doesn't break to the upside of the resistance, price could fall down later to the .236 Fib lines
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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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.