Litecoin is showing many indications of making a move up. If today's candle finishes on another substantial positive day, it will show a three white soldiers bullish pattern. This could send it above its 200 day MA and beyond, but it could be rejected from it so watch out.
On the hourly, it broke out of a bullflag, retested its resistance and soared above it. It also has a lot of support from the Ichimoku and moving well above the moving averages.
Though many signs seem positive, set a stop-loss.
Not investing advice. Take with a grain of salt like you should with all trading.
On the hourly, it broke out of a bullflag, retested its resistance and soared above it. It also has a lot of support from the Ichimoku and moving well above the moving averages.
Though many signs seem positive, set a stop-loss.
Not investing advice. Take with a grain of salt like you should with all trading.
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Hourly Trade active
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A longer view could look like this.
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Testing bottom. Great buy opportunity with tight stop-loss just right under.Note
Waiting to see if there's support.Note
boom
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Three White Soldiers pattern confirmed. Bullish on daily.Note
^Disregard. 3rd candle isn't as high as it should be.
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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.
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.