LTCBTC zoomed out
Leaving this mostly up to self-interpretation. Looks like LTCBTC is building some support on the lower blue trendline after collapse in the last few hours. There's a longer term trendline below that still that could act as support, though I hope we don't go that low, nor do I think we will. If we close this weekly candle above .11 that could be slightly bullish for me, but we're still below significant EMAs that only took a matter of hours.
Speaking of EMAs, the 50w and 200w EMA have been getting closer recently, but there has not been any gold cross yet, which means that the 200 could reject passage of the 50 above it, being somewhat bearish.
After all is said and done, now is a better time to buy than a few days ago.
Speaking of EMAs, the 50w and 200w EMA have been getting closer recently, but there has not been any gold cross yet, which means that the 200 could reject passage of the 50 above it, being somewhat bearish.
After all is said and done, now is a better time to buy than a few days ago.
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.