LTC in a support area, will we see a bounce?
BTC has been moving up strong and alts have been losing value against BTC. The LTCUSD pair has been holding steadily around 140 though. Once BTC settles and it doesn't randomly sell off, alts will start to follow and go up. LTCBTC has a divergence on the 4 hour and is in the over sold area with an entry signal from Spectro's indicator. The spectral range has only a warning so the bottom might not be set yet. If you want to play safer, you can wait for an up warning for confirmation of a change in direction.
LTC has a block reward halving in August and this could be an important catalyst for LTC. Only time will tell what effect it will have.
-faulkin
LTC has a block reward halving in August and this could be an important catalyst for LTC. Only time will tell what effect it will have.
-faulkin
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.