LTC Weekly Possible Fractal and Hidden Bull

LTC is still looking strong despite a healthy pullback. The pattern resembles the pullback from the last surge. The price seems to have found support at the 20 SMA, or the middle bollinger band. The upper and lower bands are beginning to pinch and we have some hidden bullish divergence. Confirmation should come sometime next week with increasing buy volume. With the bands pinching, any move up is likely to be sustained longer than the last two moves. Good luck and happy trading.
Chart PatternsCryptocurrencyLitecoin (Cryptocurrency)LTCLTCBTCTrend Analysis

Also on:

Related publications

Disclaimer